Oil Declines in New York on Speculation Pipeline Reversal Won’t End Glut

Oil in New York declined, widening its discount to Brent crude, on speculation that the reversal of the Seaway pipeline won’t be enough to eliminate a glut in the U.S. Midwest.

Crude oil may fall this week, says survey

NEW YORK: Crude oil in New York declined, widening its discount to Brent crude, on speculation that the reversal of the Seaway pipeline won't be enough to eliminate a glut in the US Midwest.