Reuters | Oil steadies, but rattled by concern about OPEC's clout Reuters LONDON Oil prices rose on Tuesday, but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. Brent crude futures were up 20 cents at $49.54 ... As American Oil Booms Anew, Saudi Chief Promises 'Whatever It Takes' To Rebalance Market Oil prices rise, but analysts warn market is fragile Oil struggles to rally as exporters talk up output-cut extensions, showing OPEC is 'out of bullets' |