Moneycontrol.com | Oil's "transitory" fall starting to have long-lasting impact Yahoo Finance Oil staged a remarkable intraday rally Wednesday, rising 10% from its low after the Fed suggested rate hikes are further off than previously expected, even as it removed the "patient" language from its statement. But oil's prevailing trend resumed ... Oil slump extends to a fifth week as global glut seen expanding West TX Oil Below $44.50 as Global Glut Seen Expanding Crude oil futures fall sharply, reversing Wednesday's rally |