Oil prices dipped during afternoon trade on Monday, erasing gains supported by a political rift in the Middle East, before investor concerns over a global supply overhang returned. (cnbc.com)
Oil prices slipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly. (nbr.com)
Nonetheless, exuberant lenders financed the projects, and the vast supply overhang fueled a downturn that resulted in depressed properties trading for pennies on the dollar. (nreionline.com)