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Oil stabilizes after steep falls, but supply glut prevails - Reuters
Reuters | Oil stabilizes after steep falls, but supply glut prevails Reuters "Crude oil prices are testing lows last seen in 4Q16 ... despite last month's 9-month extension to the 1.8 million bpd cuts," U.S. bank Jefferies said, pointing to the United States as the main pressure on prices. U.S. Energy Information Administration ... Is $50 Oil Still Realistic? Oil falls to lowest settlement since Nov Oil Slumps Back Near Pre-OPEC Deal Levels as Glut Stays Unabated |
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