Oil Holds Losses as Investors Digest Growing Oversupply Evidence

$57 a barrel was near the US cost of production break even cost but then compared to the last 20 years during any time we've got lower in crude oil with the exception of around 20 the US was still a net importer now there we're net exporter one of the largest exporters in the world not just crude oil ethanol LNG you know just massive energy ex excess production in this country you have to export it or we have a problem and the same time we have seen declining demand from China and the rest of the world's fa ...