CNBC | Oil falls 2% as US rig count rises, speculators cut bullish bets CNBC "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services (FIS) in Dubai, pointing towards "the dynamic of shale oil" as the main reason to have pulled prices ... Oil falls as US drills more Philadelphia oil refinery plans layoffs amid 'short squeeze' |