Bloomberg | Oil Falls to Two-Month Low as Traders Focus on Record Supplies Bloomberg Oil has fluctuated above $50 a barrel since the Organization of Petroleum Exporting Countries and other nations started trimming supply on Jan. 1 to reduce a glut. Saudi Arabia and Russia, the architects of the deal, presented a united front on ... Oil drops as US crude inventories jump to another record Crude oil is plunging as US inventories swell to a record Oil Prices Threaten $50 Level As US Shale Output Booms |