- Oil is set for its first back-to-back annual loss since 1998 after record U.S. inventories data on Wednesday reinforced worries about a global supply glut.
- Crude stocks rose by 2.6M barrels last week, the U.S. Energy Information Administration said, raising additional concerns after OPEC effectively abandoned output limits at a meeting earlier this month.
- While WTI has tumbled over 30% this year to under $37/bbl, are headwinds or tailwinds growing for 2016?
- ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM