CNBC | US oil producers now buckling up for big cuts CNBC After OPEC's November 2014 decision to let the market set prices, the price of oil declined, yet U.S. oil production continued to gain temporarily, topping out at 9.6 million barrels a day in April. But since then, U.S. output has fallen by about a ... Oil prices rise on lower US rig count, but glut weighs Saudi-Russia Oil Deal Can't Stop Biggest Bull Exodus in 7 Months Venezuela says freeze deal could boost oil prices by $10-$15 |