Reuters | Oil up on Saudi commitment to cut; US output seen rising Reuters Goldman Sachs said it expects year-on-year U.S. oil production to rise by 235,000 bpd in 2017, taking into account wells that have been drilled and are likely to start producing in the first half of the year. U.S. oil output is now at 8.95 million bpd ... Oil slips as investors await OPEC data Oil falls on output cut doubts, expected US production rise Crude oil counter faces many ifs and buts; but near-term outlook is upward |