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Oil Bounces Back From One-Year Low But Glut Keeps Rally in Check

by Serene Cheand, Elizabeth Low
11 בפברואר 2020, 01:21 GMT‎+2‎ Updated on 11 בפברואר 2020, 09:33 GMT‎+2‎

Chinese energy importers struggling to cope with weak demand WTI futures advance 1% after closing down 1.5% on Monday

Oil bounced back from a one-year low in New York but the emergence of a glut since the coronavirus outbreak loomed over the market as traders looked to store excess crude on tankers.

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