Reuters | Oil drifts as dollar offsets bullish OPEC outlook Reuters Oil prices are up 13 percent from three weeks ago after the Organization of the Petroleum Exporting Countries proposed its first output cut or freeze in eight years to rein in a global crude glut when it gathers on Nov. 30 for its policy meeting. The ... Oil industry needs $10 trillion to meet coming demand, says OPEC's Barkindo Trimming Oil Output Won't Keep OPEC States Afloat US oil settles at $49.94 a barrel, down 41 cents, or 0.81% |