Wall Street Journal | Russia and Saudi Arabia Battle for Control of European Oil Market Wall Street Journal LONDON—A contest for dominance in Europe's oil market is heating up between the world's two biggest oil exporters—Saudi Arabia and Russia—as they contend with stubbornly low crude prices and the prospect of Iran's post-sanctions return. In recent ... US oil settles down 6 cents, or 0.1%, at $41.65 a barrel Oil ends down, reversing rally, as OPEC output seen rising WTI Crude Oil Price Forecast: Double-Bottom Pattern Favored Above $43.43 |