Bloomberg | Oil Treads Water as OPEC Silent on Supply-Cut Extension Question Bloomberg Oil is on track for only its third monthly gain for 2017 as supply cuts by the Organization of Petroleum Exporting Countries and partners such as Russia showed signs of whittling the worldwide crude glut. The oil market is well on its way to ... Refinery demand, not OPEC, is the key to keeping oil prices above $50 a barrel, analysts say Oil prices fluctuate, but cling to a gain for the week OPEC says winning battle to end oil glut |