CNBC | Could The Bottom Fall Out Of This Oil Rally? OilPrice.com The oil markets will have to wait almost two more months before the uncertainty surrounding the pending OPEC deal is settled, so in the meantime a renewed focus on the fundamentals is in order. The global oil production picture is still highly fluid ... US oil settles at $48.69 a barrel, down 12 cents, or 0.25% Oil books modest loss ahead of US supply data Venezuela to discuss Algerian oil accord with Russia |