Oil’s Stunning Reversal Rekindles Fears of a Global Glut

Oil prices are tumbling everywhere as a peace deal between the US and Iran unleashes a wave of supply, overwhelming demand from buyers and prompting talk of a glut of...

By Alex Longley, Yongchang Chin, Grant Smith, Jack Farchy · Bloomberg Markets

Oil prices are tumbling everywhere as a peace deal between the US and Iran unleashes a wave of supply, overwhelming demand from buyers and prompting talk of a glut of crude.