The Glut Strikes Back as Oil Returns to Brink of Bear Market

  • Surplus is harder to kill than Saudis and Goldman predicted
  • Brimming inventories and returning supply prolong downturn

Oil Producers Suffers as Prices, Refining Sink Profits

The bullish spirit that gripped oil traders as industry giants from Saudi Arabia to Goldman Sachs Group Inc. declared the supply glut over is rapidly ebbing away.

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