Bloomberg | Oil Falls Below $58 as OPEC Deal Risks a New Wave of Shale Bloomberg Oil dropped below $58 a barrel as investors weighed an increase in U.S. drilling rigs against OPEC's promise to extend output cuts through the end of next year. Futures fell as much as 1.3 percent in New York after adding 1.7 percent Friday. OPEC and ... Goldman Is Right: The Oil Market Is Overly Jittery Oil prices fall after US drillers add rigs Crude Oil prices to trade lower: Angel Commodities |