Reuters | Oil up 2 percent as OPEC chief sees higher compliance with cuts Reuters OPEC Secretary General Mohammad Barkindo told an industry conference in London that January data showed conformity from participating OPEC nations with output curbs had been above 90 percent and oil inventories would decline further this year. US oil on track for highest close in 20 months This could be the breakout: Oil rallies despite negative news Crude Oil Could Plunge to as Low as $30 a Barrel |