Oil Can’t Shake 18-Year Low Amid Surging Supply, Bleak Demand
The oil drilling rig stands at the oil and gas field processing and drilling site operated by Ukrnafta PJSC in Boryslav, Lviv region, Ukraine. (Photographer: Vincent Mundy/Bloomberg)

Oil Can’t Shake 18-Year Low Amid Surging Supply, Bleak Demand

(Bloomberg) -- Oil closed the week at the lowest since 2002 as an historic OPEC+ production cut failed to counter a wave of gloomy demand forecasts and concerns that traders are quickly running out...
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