CNBC | Oil hovers near $80 a barrel as concern grows over global supply CNBC Oil eased on Wednesday, having neared its highest level this year after a drop in U.S. crude inventories and the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production. Brent crude futures ... Oil Prices Leap Higher After API Reports Huge Crude Draw EIA lifts oil-price forecasts, lowers US crude output expectations |