Reuters | Oil drops as demand shows signs of slowing with price near $80 Reuters Physical crude markets are sagging under the weight of unsold barrels of oil, while the 50-percent rise in the oil price in the last year is encouraging major companies such as ExxonMobil, Royal Dutch Shell, Chevron, BP and Total to increase output. Oil pulls back, threatens to snap back-to-back gains ahead of US inventory report Oil eases as US crude stocks rise and Iran sanctions seem imminent Oil Slips on Weaker Demand Outlook |