Global Market

global market: Prices are more than 40% below their June highs, as the global market remains oversupplied. Traders are parsing supply-and-demand data from the U.S. and overseas for clues of when the market will come back into balance, either through lower production or.., according to Wall Street Journal and NEW Oil prices rose Friday on a drop in U.S. drilling, but posted a decline for the week as a stronger dollar and continued oversupply of crude oil weighed on the market. (news.financializer.com). As reported in the news.