Oil bounces after big losses but glut persists

14 July 2016, London — Oil prices recovered more than $1 a barrel from sharp losses on Thursday as the dollar eased but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment. Brent crude oil was up $1.05 at $47.31 a barrel by 1150 GMT. U.S. […] More »