Bloomberg | Oil's Big American Glut Is Resting Elsewhere Bloomberg Excess crude oil inventories in the U.S. are finally and clearly in retreat as OPEC's output agreement nears the end of its fourth month. But those oil bulls looking for higher prices shouldn't get too excited just yet -- the surplus may just be moving ... Iran signals it's willing to cap oil output until end of the year 4 Oil Stocks I'd Avoid at All Costs Oil market may 'rebalance' in 2017, price seen at $55: QNB |