Oil Caps Biggest Two-Day Loss Since 2009 on Crude Supply Glut

  • Inventories forecast to expand by 4 million barrels: survey
  • Gasoline futures decline 7.6 percent to a seven-year low

What Is Fair Value for Oil Medium Term?

Oil capped the biggest two-day drop in New York in almost seven years before government data forecast to show U.S. crude stockpiles gained, exacerbating a global glut. Gasoline tumbled to the lowest since 2008.

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