Reuters | Oil falls 2 percent on fading supply disruptions, profit taking Reuters OPEC's oil output has risen in June to its highest in recent history, a Reuters survey showed, helped by Nigeria's output partially recovers from militant attacks and Iran and Gulf members boost supplies. Brent futures LCOc1 for August delivery, which ... Oil Bulls Beware Because China's Almost Done Amassing Crude US oil ends 4.2 pct higher, at $49.88, on large crude drawdown Oil falls below $50 on higher supply outlook, economic worries |