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US crude bounces back, settles 0.5% higher at $42.74 but glut worries remain - CNBC
Reuters | US crude bounces back, settles 0.5% higher at $42.74 but glut worries remain CNBC Crude output is still increasing in the United States, where some shale producers can produce profitably even if oil prices drop below $40 a barrel. Oil stocks in Europe's Amsterdam-Rotterdam-Antwerp hub hit 64.2 million barrels in the week to June 16 ... Oil bounces up off 10-month lows; crude glut still weighs OPEC Has Few Escape Routes From Another Bear Market in Oil Stocks mixed as oil prices nudge off lows |
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