Reuters | Oil settles up before API reports surprise US crude build Reuters "Crude oil is still struggling to rebound," said Olivier Jakob, strategist at Petromatrix, adding that OPEC's gradual approach to rebalancing was giving U.S. producers time to drill new wells that were undermining the impact of the group's cuts. OPEC's ... Global oil output in 2016 logged slowest growth in 7 years OPEC oil production jumps in May despite cartel's output agreement as Iraq, Libya pump more Oil Closes Above $46 as Focus Shifts to US Supply Drop |