Reuters | Oil down 3 percent on worry over OPEC output, US rig count Reuters Production in July by the Organization of the Petroleum Exporting Countries likely rose to its highest in recent history, a Reuters survey found on Friday, as Iraq pumped more and Nigeria squeezed out additional crude exports despite militant attacks ... Oil prices turn lower as glut concerns remain in focus Oil Prices Probe Bear Territory from Oversupply Oil Falls as Oversupply Still Weighs on Market |