Bloomberg | Oil Falls to Near $57 on OPEC-Cuts Review, Increase in US Rigs Bloomberg Oil slipped to around $57 a barrel as U.S. drilling expanded and OPEC nations Kuwait and the United Arab Emirates signaled they can phase out production cuts if the market improves. Futures fell 0.3% in New York after climbing 2.5 percent in the ... Kuwait oil minister: exit strategy of global cuts to be discussed before June Kuwait expects oil market to rebalance in late 2018 |