Bloomberg | Oil Trades Near $50 as U.S. Drilling Slows Before OPEC Meeting Bloomberg Oil has surged almost 90 percent since slumping to a 12-year low in February on signs the worldwide surplus is easing amid declining production from the U.S. to Nigeria. OPEC is unlikely to reach any agreement to limit output when it meets Thursday as ... Oil prices rise on start of peak US demand season The only certain thing about oil's price is its uncertainty Fueling Oil's Push to $50: Fear Is Back |