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Oil hovers below $70 highs, clouded by rise in U.S. output - Reuters - Reuters
Reuters | Oil hovers below $70 highs, clouded by rise in U.S. output - Reuters Reuters Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. Can The Oil Price Rally Continue? Worries about US shale output as oil hits three-year high Why oil stocks won't necessarily join in the oil price rally |
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