Oil traded near a six-week low as industry data showing an increase in U.S. crude stockpiles reaffirmed expectations that global markets will be oversupplied in the first part of the year.
Author: Elizabeth Low and Grant Smith
Oil Trades Near Six-Week Low as Data Shows US Stockpiles Rose
Oil traded near a six-week low as industry data showing an increase in U.S. crude stockpiles reaffirmed expectations that global markets will be oversupplied in the first part of the year.