Oil Tumbles to Three-Month Low as U.S. Drilling Climbs Amid Glut

Updated on
  • U.S. oil rig count rises for fourth week to 371: Baker Hughes
  • Commodities decline as dollar advances to eight-week high

Oil Hovers Near Two-Month Lows on Weight of Fundamentals

Oil fell to the lowest in three months in New York after U.S. producers increased drilling for a fourth week even as the market contends with abundant stockpiles.

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