Oil Extends Slide as Record U.S. Output Sparks Supply Glut Fears - Bloomberg:
"U.S. shale is once again threatening to derail oil’s recovery, with futures on course for their longest run of declines in nine months after American output hit new highs. Futures fell as much as 0.7 percent in New York, falling for a fifth day, after government data showed U.S. crude production jumped to a record 10.25 million barrels a day last week. Investors were also left disappointed after data showed American crude stockpiles rose, countering a separate industry report which pointed to a decrease."
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