Reuters | Oil falls 4 percent; US crude draw seen as glitch Reuters Traders cited hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied markets. Brent crude LCOc1 ... US oil settles at $45.88 a barrel, down $1.74, or 3.65% Oil gives back gains as storm explains inventory slump Oil Prices Fall on Dollar Strength, Continued Concerns About Glut |