Show OIL MARKET GLUT COSTS MILLIONS LOS ANGELES Juno 10 Dy 10 By The Associated Press Press Press-B E. E B. B Reeser president of ot the Barnsdall corporation one of ot the leading It mid continent c producing compan compan- lea ies declared Thursday that an production overproduction ot of barrels of crude oil dally daily wo wu was costing costin the oil Industry a II loss loan of a 1 day or a month He said s ld the tho spread between pro pro- production production and consumption was a ro- ro re responsible for an average reduction of ot 1 a barrel on the dally daily production production tion lion of barrels |