Reuters | Oil recovers some ground, rise in US drilling caps gains Reuters Oil prices fell steeply last week on the back of stubbornly high crude supplies, despite a pledge by the Organization of the Petroleum Exporting Countries (OPEC) and some other producers to cut production by almost 1.8 million barrels per day (bpd) for ... Oil dives, sending US crude below $USUS50 Oil dives below $50 as confidence in Opec wavers This OPEC Country Has the Largest Proven Oil Reserves (and It's Not Saudi Arabia) |