Reuters | Oil falls for second day as concern grows over supply Reuters The oil price has slipped below $50 a barrel despite a pledge by the world's largest exporters to extend an existing output cut of 1.8 million barrels per day (bpd) into next year in an effort to reduce bulging global inventories. Adding to concern ... Oil crawls off one-month lows, but supply gloom caps gains Oil prices gain after monthly lows yesterday amid an oversupplied market |