Reuters | Oil hits six-week low as OPEC fails to curb oversupply Reuters LONDON Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts. Brent crude oil fell 30 cents to $46.70 a barrel, its weakest since May 5 and just ... Oil prices fall again, staying around 7-month low as 'alarm bell' goes off over US supply Oil prices steady in Asia at 7-month low Global oil glut set to continue despite efforts to prop up price |