Reuters | Oil gains as New York blast turns focus to political risk Reuters Earlier in the day, prices were under downward pressure from rising U.S. drilling activity that pointed to a further increase in American production, countering OPEC-led output cuts. Analysts at PVM Oil Associates also said the “deteriorating ... Oil Holds Steady on OPEC Oil-Cuts Review, Increase in US Rigs Oil prices under pressure from rise in US drilling rigs Oil Prices Steady Amid Signs of Rising US Output |