Reuters | Oil falls as bulls discount OPEC cuts, set for worst first-half since 1997 Reuters LONDON Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by OPEC and non-OPEC producers with a deal to cut global output. Oil's drop back into a bear market could slow down US drilling Oil heads for steepest first-half fall since 1997; Pound skids below $1.26 to lowest since April Libya's Increased Oil Production Thwarts OPEC's Reduction Plans |