Oil Slips From 5-Month High Amid Ample U.S. Supply, OPEC Doubts

  • U.S. crude supply at 86-year high, output at 18-month low: EIA
  • Door is open for future production cooperation: Saudi adviser

Oil Trades Near 5-Month High as U.S. Output Falls

Oil fell from the highest level in almost five months amid rising U.S. crude stockpiles and speculation producers will be unable to agree on an output freeze.

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