U.S. crude trades at $44 on glut worries
Published June 28, 2017 Markets Reuters
Brent crude traded further below $47 a barrel on Wednesday after an industry report said U.S. inventories 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, while analysts expected a decline. Inventories of gasoline and distillates also increased, the API said.
http://www.foxbusiness.com/markets/2017/06/28/u-s-crude-trades-at-44-on-glut-worries.html
