CNBC | Oil Rallies on IEA Report Wall Street Journal Booming U.S. oil output due to new shale-oil drilling technologies helped push the global crude market into oversupply in mid-2014 and sent prices plunging. Since then, domestic output has remained more resilient than many investors and traders expected. Oil is down so why aren't Asian consumers happy? Oil prices rise on lower US rig count, but glut weighs Saudi-Russia Oil Deal Can't Stop Biggest Bull Exodus in 7 Months |