11.   He has also waded into oil, buying shares of Amoco and Texaco despite a selloff caused by the current oil glut and tapering growth in demand.

12.   In the West, such sales deepen an oil glut that has driven inflation-adjusted prices to record lows.

13.   The Asian slowdown also contributed to a worldwide oil glut that aided the continued American expansion and made American consumers feel more prosperous and secure.

14.   The irony here, Cooper noted, is that even as U.S. interests pressure OPEC to increase production, an oil glut seems more likely than an oil shortage.

15.   The oil glut has also resulted from falling production costs and the opening of new regions.

16.   The political reverberations of a sustained oil glut should not be underestimated.

17.   There are other reasons to expect that the oil glut will NOT dry up.

18.   OPEC expected to approve production cuts amid global oil glut.

19.   An oil glut resulted, pushing down prices.

20.   Analysts said the market reversed course after officials of Saudi Arabia and Norway suggested they think the world oil glut has been erased.