Wall Street Journal | In Oil Face-Off, Saudis, Shale Both Claim Victory Wall Street Journal A two-year battle for global oil supremacy that pit Saudi Arabia, head of the powerful oil cartel, against upstart U.S. shale producers left them both badly wounded but with each side claiming victory. The Organization of the Petroleum Exporting ... Oil recovers after Fed hike as tighter market looms Oil prices rise as investors adjust to US rate hike, OPEC output increase Oil price continues to drift after dollar surges |