Business Insider | Oil moves nearer six-year low on Japan data, oversupply Business Insider LONDON (Reuters) - Oil fell towards six-year lows on Monday, on data showing the economy of Japan, the world's third biggest oil consumer, contracted in the second quarter. The global oversupply picture was exacerbated by another weekly jump in U.S ... Oil Price Starts the Week in the Red Oil slides further below $43 a barrel Oil prices: WTI hits six-year low on Japanese economy and increased US output |