CNBC | US oil closes off lows on report of likely OPEC output cap deal CNBC Oil prices pared early losses on Wednesday after OPEC sources said the group was likely to consider a new output ceiling at its forthcoming meeting, although many in the market still appeared skeptical about such a deal. Brent crude futures were down ... Oil Prices Fall as Abundant Supply Mitigates Production Outages Don't write off American oil boom despite OPEC Oil pares losses after report OPEC likely to consider output cap |