Gulf Times | Oil Extends Advance as U.S. Drillers Cut Rigs Amid Global Glut Bloomberg (Bloomberg) -- Oil extended gains after capping the biggest weekly advance in almost four years amid signs drilling is slowing in the U.S., the world's biggest consumer. Futures climbed as much as 3.3 percent in New York after a second weekly increase ... Crude oil futures - weekly outlook: February 9 - 13 Oil prices surge in volatile trading week |