Financial Post | Oil slumps below $60 for first time in a year as fears mount over supply glut Financial Post Traders are focused on the growing risks of a new glut of crude: Saudi Arabia's oil minister said Thursday production from the world's largest exporter climbed further this month after a surge in October, and U.S. stockpiles have risen for nine ... Oil slumps again to one-year low as Saudis signal record output |