Bloomberg | US Oil Production Surge Keeps Pressure on OPEC+ to Cut Supply Bloomberg CULVER CITY, CA - APRIL 25: Car lights are seen streaking past an oil rig extracting petroleum as the price of crude oil rises to nearly $120 per barrel, prompting oil companies to reopen numerous wells across the nation that were considered tapped out ... Crude oil can reverse direction only if OPEC decides to cut output by 1 mbpd Oil Suffers Worst Monthly Drop Since 2008 Oil drops; losses limited by hopes of OPEC, Russia output cut |