Oil slips to $45 as glut overshadows hope for producer action

09 August 2016, Tokyo — Oil fell below $45 a barrel on Tuesday after rallying to a two-week high the previous day, as concern about a supply glut outweighed hopes of producer action to prop up prices. In the latest sign of ample supplies, market intelligence firm Genscape reported a rise of more than 307,000 […] More »