As U.S. crude wobbles near $40, new oil rally in doubt

04 August 2016, London — U.S. crude’s slide below $40 a barrel this week has hardened the resolve of oil market bears to drive prices lower, with oversupply, refining cutbacks and a breakdown in the oil/dollar trade spelling an end to this year’s rally. Few believe oil will revisit the 12-year lows of $26 to […] More »