Reuters | Oil prices drop as growing supplies stoke glut concerns Reuters Both contracts have fallen 8-9 percent in just one week, underlining how volatile the oil market currently is. "We've seen a lot of bearish news this week: Libya, Nigeria, skeptical monthly reports from the IEA and OPEC and large stockbuilding in the U ... Oil Set for Weekly Drop as Resilient Supply Seen Sustaining Glut Crude prices fall; market braces for Nigeria, Libya supply Libya ready to restart oil exportation |