Reuters | Oil drops on rising US crude inventory, defies expected supply cut extension Reuters SINGAPORE Oil prices fell 1 percent on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to cut output. Brent crude futures were ... Saudi Arabia And Russia Take A Pregnant Pause: Consequences For Oil Oil rises on expectations of extended supply curbs OPEC considering to cut back their oil output until March 2018 ... |