Reuters | Oil rises after US inventory drop but outlook remains gloomy Reuters The oil price is heading for a 1.3 percent rise this week, but has tumbled from one-month highs just below $50 following evidence of rising exports and increased production from the Organization of the Petroleum Exporting Countries, despite the group's ... Oil Exports, Illegal for Decades, Now Fuel a Texas Port Boom US crude sinks 4.1%, settling at $45.13 and ending longest winning streak since 2012 Bernstein Slashes Oil Price Forecast |