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Oil prices resume slide as oversupply concern offsets surprise stockpile draw - CNBC
CNBC | Oil prices resume slide as oversupply concern offsets surprise stockpile draw CNBC "All in all, we still see some near-term price chop that will keep WTI confined to about $43-$47.50 area," said Jim Ritterbusch of Chicago-based oil markets consultancy Ritterbusch & Associates. "We would be much more enthusiastic about selling rallies ... Oil prices tumble ahead of US inventory data Oil price slump means new oil reserves are at 60-year low Oil investment crashes to 60-year low, incubating next energy shock |
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