Oil Drops With Optimism Over Demand Waning in Face of Huge Glut
The SCF Provider crude oil tanker is anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, California, U.S. (Photographer: Patrick T. Fallon/Bloomberg)

Oil Drops With Optimism Over Demand Waning in Face of Huge Glut

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(Bloomberg) -- Oil snapped a three-day gain as optimism over a nascent recovery in demand was replaced by worries about the supply glut, while the continued exodus of exchange-traded funds also wei...