Bloomberg | Oil Rebounds From 5 1/2-Year Low Bloomberg Oil slumped almost 50 percent last year, the most since 2008, as the Organization of Petroleum Exporting Countries resisted calls to cut output even as the U.S. pumped at the fastest rate in more than three decades. WTI briefly traded higher than Brent ... Beaten-Down Oil Prices Rise Sharply Oil Prices Actually Aren't That Low, Historically Speaking A Bad Case Of Déjà Vu In The Oil Markets |