Oil tumbles on glut worry; biggest weekly drop since January looms

By Barani Krishnan NEW YORK (Reuters) - Oil prices fell nearly 3 percent on Thursday, heading for their sharpest weekly slide since January, as investors brushed aside talk that OPEC might freeze production and focussed on a growing glut from U.S. crude stockpiles. Inventories of distillates, which include diesel and heating oil, rose nearly 10 times as much as forecast, the data from the U.S. Energy Information Administration showed. Brent crude futures were down $1.29, or 2.8 percent, at $45.6