U.S. crude back below $40 as oil pares gains on glut worry

02 August 2016, New York — Oil prices fell more than 1 percent on Tuesday, erasing early gains and pushing U.S. crude back below $40 a barrel as persistent worries of a glut offset the impact of a weak dollar that initially propped the market. A slide in U.S. equities also forced U.S. crude futures, […] More »