StreetInsider.com | Oil rises on weak dollar, but bloated supply still weighs StreetInsider.com But crude futures were weighed down by a resurgence in U.S. shale oil production and the expectation that inventories in the country would once again build, illustrating the persistent global supply overhang that has depressed prices for three years. Oil: Nigeria records slight increase in rig count 7 oil nations say keep supply cuts OPEC Weighs Extension As Oil Markets Start To Lose Their Nerve |