CNBC | Oil Steady as Analysts Say Global Supply Glut to Linger Bloomberg Credit Suisse Group AG cut its forecast for this year's increase in U.S. crude output by 500,000 barrels a day, David Hewitt, the co-head of the bank's global oil and gas equity research, said at an investor conference in Singapore today. Growth may ... Why oil will go even lower Oil holds above $51 as traders search for floor Oil Halts 4-Day Drop |