Reuters | Oil rises after US inventories drop, signals of OPEC cut extension Reuters Investors are now waiting to see if those numbers are confirmed on Wednesday by official figures on weekly U.S. crude and oil product inventories from the U.S. government's Department of Energy, due out at 1430 GMT. Global benchmark Brent crude LCOc1 ... Oil lower, US crude output seen at record high in 2018 Further OPEC cuts will deepen oil supply deficit in second half of 2017: IEA Saudi Arabia's oil policy must take its inspiration from the Fed |