CNBC | Once oil output evens, stockpile to weigh on price Arkansas Online Since it was unveiled in late 2014, Saudi Arabia's strategy to bring the world's oversupplied oil markets back into balance by squeezing competitors with lower prices has proved grueling, dragging crude down to less than $30 a barrel last month. While ... US oil closes at $35.92, posts 9.5 pct weekly gain Oil ends sharply higher, logs 10% weekly gain as output draws focus Have we reached a stabilization point in oil? |