28.07.2016 - The Oil Price Recovery Is Drowning in Gasoline

Just when it appeared crude oil’s supply problems were easing, a glut of gasoline is drowning the market’s hopes for a recovery. Vast new supplies of gasoline around the world, combined with the overproduction of oil, has sent crude prices sliding. On Wednesday, oil prices continued to drop, with U.S.-traded crude hitting a three-month low, after a surprise increase in U.S. inventories of both oil and gasoline...............................................Full Article: Source

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