Oil down slightly; U.S. rig count drop offsets stockpiles surge

24 March 2016, New York — Oil prices were down slightly by late Thursday afternoon, paring much of the day’s losses, after a renewed drop in the U.S. oil rig count offset weaker sentiment caused by record-high U.S. crude stockpiles. U.S. energy firms cut oil rigs again this week, after a pause last week, data […] More »