Fortune | Oil drops toward $59 on dollar, stock builds Reuters Oil inventories are rising across the world as production outstrips demand, offsetting geopolitical tensions in the Middle East and the risk of output cuts in Libya and Iraq. Brent LCOc1 was down 30 cents at $59.43 a barrel by 4 a.m. ET. The North Sea ... Black Gold or Fool's Gold: Is it Safe to Buy Oil Stocks Yet? Oil lower as a new week of trading kicks off Goldman Says $40 Oil Call May Be Too Low as Demand Surprises |