Reuters | Oil firms on ongoing supply cuts, but analysts warn of overconfidence Reuters Analysts say that without an extension of the cuts, a supply glut comparable to that of 2014 to 2016 could quickly re-emerge especially due to rising U.S. production. “Our oil balance numbers imply a modest global drawdown of inventories in 2017, not ... Crude oil's 'golden cross' could point to big gains ahead Oil Hits 28-Month High as OPEC Behemoths Back Extending Limits Oil Steadies After Fall in US Inventory |