Petrochemical oil refinery in California, U.S. (Photographer: Bing Guan/Bloomberg)
Oil’s Recovery Capped by Stubborn U.S. Crude Glut, Dour Demand
(Bloomberg) -- Oil’s recent rally has hit a ceiling, with U.S. crude inventories holding near a record high and gasoline demand still at the weakest seasonal level in more than 20 years.