Reuters | Oil up on more optimistic outlook on OPEC cuts Reuters OPEC next meets in May to discuss oil supply policy and it secretary-general, Mohammad Barkindo, said this week the group wants to see global inventories reduced further. That has contributed to investor confidence that the producer group will extend ... Oil Trims Monthly Decline as OPEC Cuts Battle Rising U.S. Output Oil recovers from 1-month low on hopes of production cut extension Oil prices are tanking, now below $49 a barrel at a 4-week low |