CNBC | Oil market may balance this quarter: UBS report CNBC The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS. OPEC oil output has reduced significantly since the production-cut agreement made in November. Saudi Arabia has reportedly cut ... Oil prices drop even after encouraging Saudi comments on supply Oil falls as signs of US output rise overshadow OPEC-led cuts OPEC and Friends Agree on Way to Monitor Oil Cut to End Glut |