Despite lingering concerns over a global oil oversupply and weak Chinese economic growth, oil prices reversed losses to edge up early on Monday morning as 73 percent of U.S. Gulf of Mexico oil production was shut-in on Sunday due to tropical storm Barry and Chinese data on Monday pointed to...
Oil Holds Losses as Demand Fears Fed
Oil traded near a 2-week low as an increase in U.S. fuel stockpiles spurred concern that demand is waning in the world’s biggest crude consumer.