Tortoise's Brian Kessens in Bloomberg

Oil Snaps 5-Day Rally With Supply Glut Eclipsing Demand Recovery

  • Crude stockpiles increased by 4.59 million barrels last week
  • WTI futures for June fell 2.3% after 5 days of gains

Oil snapped a five-day rally as a persistent supply glut outweighed signs of recovering U.S. fuel demand.
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