Reuters | Oil down 1 percent on continued concerns over US output Reuters Energy services firm Baker Hughes said on Friday that energy companies last week cut oil rigs for the first time in almost two months. RIG-OL-USA-BHI. Still, the United States is now the world's no. 2 crude oil producer, ahead of top exporter Saudi ... Oil Slides as Growing Shale Supply Seen Stabilizing US Hub Oil pulls back on US shale output jitters Oil prices settle lower as EIA data point to further gains in US shale output |