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Oil price: why is it rising despite latest evidence of global glut? - The Week UK
The Week UK | Oil price: why is it rising despite latest evidence of global glut? The Week UK The oil price rose on Wednesday and is now back above $35 a barrel, even despite another huge build in US crude stockpiles last week that suggests the global supply glut is only getting worse. Latest data from the US Energy Information Administration ... Oil rises, pares losses in January on hopes for production deal 'This frenzy is idiotic' says Rosneft after oil rally Don't Count on Russia and OPEC Cutting Oil Production Anytime Soon |
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