Reuters | Oil prices drop amid glut concerns, US withdrawal from climate deal Reuters SEOUL Oil prices dropped below $50 on Friday amid worries that U.S. President Donald Trump's decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. Global benchmark ... US exports more oil than ever before, just as OPEC, Russia agree again to limit output Oil boosted after inventories post 8th straight weekly drop Watch out OPEC, US could break oil production record of 1970 |