Bloomberg | Oil Falls Below $58 as Rig Count Counters OPEC Curbs Extension Bloomberg Oil dropped below $58 a barrel as investors weighed an increase in U.S. oil drilling rigs against OPEC's promise to extend output cuts through the end of next year. Futures fell as much as 0.9 percent in New York after adding 1.7 percent Friday. OPEC ... 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 |