Oil notches third straight weekly loss as oversupply worries grow
Oil notched its third straight week of losses on Friday as traders grew increasingly concerned about oversupply. West Texas Intermediate…
Tag: Oversupply
Oil Futures Lose Ground on Trade, Oversupply Concerns
An early pick-up in crude futures is short-lived and prices are back in the red with concerns over U.S.-China trade…
EIA hikes US oil output forecast, says oversupply will slash prices
(Corrects to add dropped word ‘million’ in paragraph 2) By Shariq Khan NEW YORK (Reuters) -U.S. oil production is expected…
Oversupply Fears Are Rocking Oil Prices. Make This 1 Trade Now.
December micro WTI crude oil (CLZ25) futures present a selling opportunity on more price weakness. See on the daily bar…
Oil Faces ‘Punishing Oversupply’ and $50s Prices, Macquarie Says
Oil is forecast to drop into the $50s-a-barrel range in the coming quarters on expectations for “punishing oversupply” as output…
China Is Dumping 0-Mile ‘Used’ Cars Worldwide to Control Huge Oversupply
Get The Drive’s daily newsletter The latest car news, reviews, and features. As part of a broad effort to subsidize…