Tortoise Portfolio Manager Quinn Kiley in Bloomberg

Oil Drops After U.S. Stockpiles Rise, Fed Warns of Covid Risk

  • Glut concerns overshadow optimism OPEC+ may extend curbs
  • Domestic crude inventories rose over 4 million barrels

Oil dropped after an unexpected increase in U.S. stockpiles and a Federal Reserve warning that a vaccine may not be enough to get the economy back on track.

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