MarketWatch | Oil futures settle lower as global glut worries persist MarketWatch The Energy Information Administration reported a bigger-than-expected, second straight weekly decline in U.S. crude inventories, but data from the International Energy Agency showed that the world's major oil producers continue to ramp up production. Saudi claims oil price strategy success IEA: OPEC Battle for Oil Market Share Just Beginning Global oil glut grows to 2 million barrels a day as OPEC pumps more |