Supply Glut

: Renewed fears of a supply glut for oil sent U.S.-traded crude CLM6, +0.05% futures settled 2.5% lower, the worst daily performance for a most-actively traded contract since April 15, according to Market Watch. Read:Crude oil slammed 2.5% as supply-glut fears return The euro EURUSD, -0.0957% recently traded at $1.1508 late Tuesday in New York, down from a peak of $1.1618 reached earlier in the session, which was its strongest level since late August. The ICE U.S. Dollar index DXY, +0.05% a measure of the dollar strength against a basket of six rival currencies, was up 0.3% at 92.90, after falling as low as 91.92 earlier in the day—its weakest level since Jan. 15. By comparison, the shared currency traded at $1.1525 late Monday in New York. It traded at ¥106.44 late Monday. Also read: Will a sustained drop in oil crush a rally in emerging-markets The dollar USDJPY, +0.21% traded at ¥106.42 late Tuesday after falling as low as ¥105.55, its weakest level since mid-October. (news.financializer.com). As reported in the news.