Production

Oil dips as US inventories rise

Concerns of oversupply are revived as some analysts warn that oil's recent rally will likely prompt some producers to turn the taps back on

Causing concern: a rise in US inventories has revived fears of an oversupply of oil in the market
Causing concern: a rise in US inventories has revived fears of an oversupply of oil in the marketPhoto: AP/SCANPIX
  • Reuters
USAAvtar SanduEnergy Information AdministrationJapanRussia
Published 10 June 2020, 04:21Updated 10 June 2020, 04:21