U.S. Vice President Mike Pence descends the stairs of a horizontal drilling rig during a tour of a Diamondback Energy Inc. oil rig in Midland, Texas, U.S. (Photographer: Callaghan O’Hare/Bloomberg)

Oil Drops as U.S. Stockpiles Report Stokes Fears of Supply Glut

(Bloomberg) -- Oil resumed declines as an industry report signaling a surprise jump in U.S. crude inventories stirred fears of a supply glut at a time when trade wars are jeopardizing the global de...

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