CNBC | Oil dips as soaring US production outweighs talk of OPEC output cuts CNBC Oil prices dipped on Thursday as record U.S. crude output heightened concerns of a return of global oversupply, stoking talk from within OPEC that production curbs may become necessary once again to prevent a glut. Front-month Brent crude oil futures ... US oil prices at lowest in nearly 8 mos. as domestic crude supplies climb for 7th week in a row Oil Rises as OPEC+ Is Said to Discuss Output Cuts for 2019 US crude output at new record with oil at lowest price since March |