Sup­ply Glut: Oil Trades at 1-month Low

The Economic Times - - Commodities Plus -

Oil traded near a onemonth low be­fore the re­lease of US gov­ern­ment data forecast to show that crude in­ven­to­ries grew, keep­ing stock­piles at the highest level in more than eight decades. Crude fluc­tu­ated in New York af­ter fall­ing 6.9% in the prior two ses­sions.

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