Oil dipped below $40 a barrel for first time since April on Monday as drilling rigs and inventory levels increased.
Oil dipped below $40 a barrel for first time since April on Monday as drilling rigs and inventory levels increased. Jae C. Hong AP
Oil dipped below $40 a barrel for first time since April on Monday as drilling rigs and inventory levels increased. Jae C. Hong AP

Oil dips below $40 a barrel amid signs of growing glut

August 01, 2016 02:39 PM