Oil Declines to One-Week Low Amid Ample Global Crude Stockpiles

  • Gasoline at 3-month low as U.S. East Coast supplies hit record
  • Nigerian oil output rose in June after infrastructure repair

Vitol CEO Taylor: Crude to End 2016 Near $50 a Barrel

Crude tumbled to a one-week low as the outlook for the world economy darkened while oil stockpiles remain ample.

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