Bloomberg | Oil Steadies Below $49 as US Drilling Threatens Longer Glut Bloomberg Oil steadied below $49 a barrel as U.S. drillers continued to boost activity, countering OPEC's efforts to drain a global glut. Futures were little changed in New York after falling 9.1 percent last week, the biggest weekly loss since November. Rigs ... Oil touches three-month lows, as US supply swells Oil drops to three-month low Oil prices slide to lowest in four months on US rig count rises again |