Bloomberg | Oil prices rise on Middle East tension, falling Venezuela output Reuters The International Energy Agency said last week that Venezuela, where an economic crisis has cut oil production by almost half since early 2005 to well below 2 million bpd PRODN-VE, was “clearly vulnerable to an accelerated decline”, and that such a ... Oil Rises Toward $63 as OPEC Cuts Weighed Against US Supplies Oil dips as Wall Street dives; tensions over Iran support crude Crude oil's fundamentals weak; US Fed's economic outlook to guide market |