Oil Dips With U.S. Crude Supplies Topping Half a Billion Barrels

• Domestic oil inventories at the highest since early December
• Futures pared some losses after Fed’s zero-rate outlook

Oil fell to the lowest in a week after U.S. crude stockpiles topped half a billion barrels and the International Energy Agency said global supplies are plentiful.

Read more on Bloomberg: https://www.bloomberg.com/news/articles/2021-03-16/oil-halts-slide-with-report-pointing-to-falling-u-s-stockpiles