Oil Tumbles on Estimates U.S. Crude Supply Gained a Second Week

Updated on
  • U.S. crude inventories probably expanded for a second week
  • Societe Generale and EIA reduce crude price projections

Will Oil Price Increase or Is Rally Short-Lived?

Oil tumbled as estimates that U.S. crude stockpiles rose reinforced worries that there’s no end in sight for the global supply surplus.

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