LONDON, Mar 13 (Reuters) : Brent crude oil slipped under $57 a barrel on Friday after the West's energy watchdog said a global oil glut was building as US oil production showed no signs of slowing.
Brent for April LCOc1 was down 30 cents at $56.78 by 0530 ET US crude CLc1 was down 20 cents at $46.85.
"US supply so far shows precious little sign of slowing down," the International Energy Agency said in its monthly oil market report.
The agency said the United States could soon run out of spare capacity to store crude, putting additional downward pressure on prices
Brent crude oil slips under $57
FE Team | Published: March 14, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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