Sep 21, 2018

Oil tumbles on glut worry; biggest weekly drop since January looms | People's Mojahedin Organization of Iran (PMOI/MEK)

NEW YORK- Oil prices fell nearly 3 percent on Thursday, heading for their sharpest weekly slide since January, as investors brushed aside talk that OPEC might freeze production and focused on a growing glut from U.S. crude stockpiles.Energy monitoring service Genscape's report of a 714,282-barrel drawdown at the Cushing, Oklahoma, delivery point for U.S. crude futures during the week ended on...

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