Bloomberg | Oil Erases Loss Amid Renewed Speculation of OPEC Production Cut Bloomberg Oil has fallen sharply from the four-year high reached in early October as the U.S. issued surprise waivers for some buyers of sanctioned Iranian oil, while top producers boosted output. Saudi Arabia took the lead to counter the price slide, saying ... Oil prices try to steady after 12th straight drop Oil prices tumble 7% as demand concerns grow Oil struggles to find footing after 7 percent slide as outlook darkens |