Reuters | Oil down as US supply jumps; Saudi remarks keep prices off lows Reuters After tumbling 60 percent between June and January, Brent has steadied at around $60 a barrel in recent weeks and U.S. crude near $50 as bulls re-entered the market after huge cuts in future exploration budgets of oil firms and declines in the number ... U.S. Crude Oil Prices Higher Ahead of Inventories MarketsSaudi oil minister defends Opec holding output Saudi Arabia Vows to Meet Demand as Oil Market Rebalances |