Oil dips as ongoing glut outweighs strong start to summer driving

© Reuters. An oil pump is seen operating in the Permian Basin near Midland By Henning Gloystein SINGAPORE (Reuters) – A run by U.S. oil prices toward $ 50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the American summer driving season. U.S. […]

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Oil slips as more U.S. drilling outweighs OPEC-led cuts

© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary By Libby George LONDON (Reuters) – Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC-led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain, but […]

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