Oil down 4 percent; U.S. stockpile data feeds glut warning

14 July 2016, London — Oil markets tumbled more than 4 percent on Wednesday, erasing most of the previous session’s gain, as a raft of bearish U.S. inventory data heightened concerns about a global glut. U.S. crude stockpiles fell less than expected last week, distillate inventories rose the most since January and gasoline stocks unexpectedly […] More »