Oil ends year down 25%, its worst annual showing since the crash of 2015

Stockpiles at a key storage hub in Oklahoma probably rose 1.2 million barrels last week, according to a Bloomberg survey of analysts released Monday. Despite encouraging talk on trade from President Donald Trump, the coming months still look unsettled, said Phil Streible, senior market strategist at RJO Futures in Chicago.- read more

Oil markets and outlooks made a sharp turn in 2018, quickly shifting from predictions of global shortages and $100-a-barrel crude to concerns about increasing supplies, weakening demand and another oil glut. The uncertainty of where oil market are heading