Moneycontrol.com | Oil slump extends to a fifth week as global glut seen expanding The Globe and Mail (subscription) Oil has renewed its slump after losing almost 50 per cent last year as U.S. crude stockpiles expand to the highest level in more than three decades, even as drillers idled the number of active rigs to the fewest since 2011. OPEC maintained its quota at ... Oil's "transitory" fall starting to have long-lasting impact West TX Oil Below $44.50 as Global Glut Seen Expanding Crude oil futures fall sharply, reversing Wednesday's rally |