Reuters | Oil steady as Saudi Arabia says has cut output, but oversupply worries lin... Reuters Brent crude futures, the international benchmark for oil prices, were yet to trade. Traders said that prices received some support from statements from top crude exporter Saudi Arabia that its output had fallen below 10 million barrels per day (bpd), a ... US crude settles at $53.01, rallying for second day on OPEC output cuts and China demand forecast Oil up a second day on signs of output cut, weaker dollar and China demand growth Oil Posts Biggest Two-Day Gain in 6 Weeks as Saudis Make Cuts |