Reuters | Oil jumps on drop in US petroleum stocks, possible OPEC cut extension Reuters "U.S. crude oil production is now solidly above 9.3 million barrels per day with more to come, and refined product, especially for gasoline, is oddly weak," said John Kilduff, partner at hedge fund Again Capital in New York. "It is difficult to see how ... Oil market is looking for deeper OPEC cuts to boost prices Oil rallies as US supplies post biggest weekly drop of the year Oil rises after US inventories drop, signals of OPEC cut extension |