Bloomberg | Oil Retreats From Two-Month High as Supply Ample Despite Risks Bloomberg Oil has climbed over the past month, with Brent in London briefly breaking past $80 a barrel on Wednesday, as the impending sanctions on Iran start removing barrels from markets, and shrinking U.S. inventories combined with slowing production growth ... OPEC Aug crude oil output around 1 mil b/d lower than own H2 2018 demand OPEC sees global oil supply as robust, demand growth revised a touch lower OPEC Sees Boost in Oil Production Ahead of Iran Sanctions |