The Sydney Morning Herald | OPEC vs Shale: The Oil Saga Continues OilPrice.com The continuous rise in U.S. shale production last year offset part of the OPEC–Russia production cuts and capped oil price gains. Supported by the global inventory drawdown and geopolitical woes, however, oil prices rose steadily in the fourth quarter ... Oil highest since 2015 on drawdown, unrest Oil rises on inventory drawdown, Iran unrest Five things to watch as Brent crude oil nears $70 |