Wall Street Journal | Oil Flips Higher on Hopes for Easing Glut Wall Street Journal Oil rallied Thursday as a top energy monitor said the world's oversupply of crude is fading. The prediction comes as oil prices remain under pressure because of the global glut in crude. A surge in production from both traditional oil giants like Saudi ... Here's proof that Saudi Arabia doesn't care about killing oil prices — only the competition Oil demand set to slow in 2017 says IEA Oil edges higher as IEA sees balanced market ahead |