Crude Falls as Global Oil Supply Glut Outweighs Dollar Weakness

  • U.S. supply rose to highest level since 1930 last week, EIA
  • Venezuela says 6 OPEC states are open to talks on price drop

Could Recent Higher Oil Be Early Signs of Bottom?

Oil retreated as the highest U.S. crude supplies in more than 80 years outweighed a weakening U.S. dollar.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.