Page 71 - Oil Prices

Oil prices fall as oversupply worries return

US gasoline inventories fell after OPEC kingpin Saudi Arabia shot down hopes for an output cut

Oil prices fall as global glut offsets prospect of lower US output

Brent was down 51 cents at $34.18 a barrel, West Texas Intermediate crude futures were trading at $32.84 per barrel

Oil prices rise on lower US rig count, but glut weighs

Freezing output at such levels would not help reduce oversupply, analysts said, as production outpaces demand by 1-2 million barrels every day.

Oil prices fall on oversupply concerns after US crude stocks hit record

Brent futures had fallen 25 cents to $34.03 a barrel; Asian shares slipped due to fall in oil prices

Oil rally halted by US stockpiles rise

Saudi Arabia's rejection of proposed output cuts also shot down a rally by the battered commodity

Oil prices fall on oversupply concerns after US crude stocks hit record

Global oversupply concerns outweighed moves by oil producers including Saudi Arabia and Russia to cap oil output