More pain seen for U.S. crude as product glut adds to gloom
July 21, 2016 at 01:05 AM EDT
NEW YORK (Reuters) - A glut of refined products has worsened the already-grim outlook for U.S. crude oil for the rest of the year and the first half of 2017, traders warned this week, as the spread between near-term and future delivery prices reached its widest in five months.
