Reuters | Oil climbs after industry data shows US inventory draw Reuters Crude futures fell on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut ... This is where oil could go if OPEC goes home empty-handed Crude Oil Price Forecast: Oil Drops on Signs of Failed Accord Saudi Oil Minister Offers Hope on Output Curb at November Meeting |