Oil stays below $47 as U.S. inventory report revives glut worries

28 June 2017, London — Oil edged further below $47 a barrel on Wednesday after an industry report said U.S. inventories had increased, reviving concerns that a three-year supply glut is far from over. The American Petroleum Institute (API) said on Tuesday U.S. crude inventories rose by 851,000 barrels last week, while analysts expected a […] More »