Reuters | Oil prices fall over 1 percent on recovery in US output Reuters Analysts also pointed to excessive long positions in financial oil markets as a likely brake on any upward momentum in prices, with many traders soon likely to cash in on recent price rises, which have seen crude jump by around 14 percent since early ... $70 Oil Cripples European Refiners Oil Outpaces Ruble Giving Russian Drillers Cause to Be Cheerful Non-Opec oil production growth predicted higher than expected — cartel |