The price of crude oil hasn’t reached a bottom yet as production keeps increasing, former Federal Reserve Chairman Alan Greenspan said. The slump in oil prices hasn’t curtailed output, and there is a huge amount bottled up in the U.S., Greenspan said in an interview with Bloomberg Television on Friday. Inventories at Cushing, Oklahoma, the delivery point for U.S. benchmark futures, will keep rising, he said. “We are probably at the point now, where at the current rate of fill, we are going to run out of room in Cushing by next month,” he said. “Until we find a way to get out of this dilemma, prices will continue to ease because there’s no place for that oil to go except into the markets.” West Texas Intermediate futures dropped 1.9 percent to $46.17 a barrel as of 9:31 a.m. Friday on the New York Mercantile Exchange. Prices […]