CNBC | US crude breaks $50 a barrel for first time since June CNBC "Optimism on the OPEC deal and surprising storage declines pushed oil prices to the upper end of the recent trading range. Both trends are temporary and unlikely to mark the easing of the oil supply glut. We see more downside than upside from today's ... US Crude Passes $50 a Barrel for the First Time Since June Oil holds near 2016 highs after US inventory drop Oil prices on the retreat after inventory data sparks a rally |