Reuters | Oil near six-year low on Japan data, oversupply Reuters Japan's economy, the world's third biggest oil consumer, shrank in the second quarter from a year earlier, adding to fears that slowdowns in Asia's biggest economies will weigh on oil demand. The global oversupply picture was exacerbated by another ... Oil Dips Further, Nymex Crude Under $42 a Barrel Oil prices drop on shrinking Japan economy, more US drill rigs Oil prices are falling to near 6-year lows because of Japan's shrinking economy |