Yahoo! Finance News (press release) | Oil rises as Russia indicates open to cuts with OPEC Yahoo! Finance News (press release) By Jessica Resnick-Ault. NEW YORK (Reuters) - Oil reversed course and rose as much as 2 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week. Prices in ... US Oil Production Surge Keeps Pressure on OPEC+ to Cut Supply Crude oil can reverse direction only if OPEC decides to cut output by 1 mbpd Oil Suffers Worst Monthly Drop Since 2008 |