Reuters | Oil drops to 3-month low, US erases all gains since OPEC output cut Reuters "Oil prices have come under renewed pressure after the latest OPEC report showed a rise in global crude inventory despite the cartel deciding to curtail its output," said Abhishek Kumar, senior energy analyst at Interfax Energy's Global Gas Analytics ... Saudis stand by commitment to oil production cuts Big oil's list of worries just got bigger Oil tumbles after Saudi Arabia says it increased production |