Oil falls to below $30/bbl as glut grows, output cuts eyed

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By Jessica Resnick-Ault. NEW YORK (Reuters) - Oil dropped 4% to below $30 a barrel on Wednesday as U.S. crude stockpiles ticked up and diesel inventories swelled, offsetting OPEC-led cuts in production and hopes for a recovery in demand as some ...

from Google Alert - Business https://ift.tt/2YNaWXE
By Jessica Resnick-Ault. NEW YORK (Reuters) - Oil dropped 4% to below $30 a barrel on Wednesday as U.S. crude stockpiles ticked up and diesel inventories swelled, offsetting OPEC-led cuts in production and hopes for a recovery in demand as some ... https://ift.tt/eA8V8J

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