Tagged: oil

Oil pull back ahead of U.S. inventory data

Global oil prices surrendered earlier gains in Asia on Wednesday, on deepening oversupply concerns after the U.S. energy department again raised oil production estimates. The Energy Information Administration on Tuesday said it expects American...

Here’s some bad news for oil in 2018

Major oil producers led by OPEC have greed to extend their crude output cuts through March of next year, but that could feed a glut of global supplies once the deal is done. The...