Reuters | Oil prices inch down as oversupply concerns fester Reuters TOKYO Oil prices edged down on Monday on worries that OPEC-led production cuts may not significantly tighten an oversupplied market in the short term despite talk of extending them. NYMEX crude for June delivery CLc1 was down 12 cents at $49.21 a ... Oil's Big American Glut Is Resting Elsewhere Crude Oil Futures - Weekly Outlook: May 1 - 5 Oil market may 'rebalance' in 2017, price seen at $55: QNB |