Oil below $37 as U.S. inventory rise counters output freeze plan

02 March 2016, London/Singapore — Oil edged further below $37 a barrel on Wednesday as an industry report showing a rise in U.S. crude stockpiles to a new record countered support from producer efforts to tackle a supply glut. U.S. crude inventories jumped by 9.9 million barrels last week, the American Petroleum Institute, API, said […] More »