Bloomberg | Oil drops more than one percent on profit taking after four days of gains Reuters The market turned bearish on Wednesday after the U.S. Energy Information Administration reported a surprise drop in U.S. refining rates and an unexpected build in fuel stocks last week that signaled slower demand in the world's top oil consumer. [EIA/S]. World's Biggest Oil Traders See Wildly Diverging Crude Price A New Oil Crisis Is Developing In The Middle East Oil prices buoyed by Kurdish and Iraq tension, say leading traders |