Bloomberg | Oil Rises Above $50 as Supply Glut Shows Signs of Wearing Down Bloomberg Oil has struggled to hold above $50 a barrel as rising output from U.S. shale explorers diminished the impact of supply curbs implemented by the Organization of Petroleum Exporting Countries and allies such as Russia. Macquarie Bank said OPEC probably ... Oil prices rise as OPEC says market is rebalancing Oil aims for first 2-session gain since late September OPEC calls on US shale oil producers to accept 'shared responsibility' of slashing global supply |