CNBC | Oil hits new 5-week low below $45, as global supply glut scares traders CNBC "Following a host of negative news, which culminated with another erratic U.S. inventory report, oil has stabilized and moved higher, driven by short-covering and the sense that it may have become too pessimistic about an OPEC deal being reached," said ... No Oil Price Rebound on Horizon Oil prices dip down on inventory boost, OPEC skepticism Is This The Most Bearish Oil Report Of All Time? |