Tag "3"

Oil slides to lowest since March

Oil dropped to the lowest level in more than four months amid speculation a global glut that drove prices into a bear market will be prolonged. Goldman Sachs Group Inc. said the global crude oversupply is running at 2 million barrels a day and storage may be filled by the fall, forcing the market to adjust, analysts including Jeffrey Currie said in the report dated Thursday. U.S. crude supplies remain