Oil steadies after sell-off but oversupply still drags

19 December 2018, News Wires — Oil stabilized on Wednesday after one of its biggest falls in years, but remained under pressure from oversupply and concern that a slowing global economy would depress demand. Benchmark Brent crude oil was up 45 cents at $56.71 a barrel by 1215 GMT, after dropping 5.6 percent on Tuesday … More »