CNBC | US oil settles down 22 cents, or 0.6% at $34.73 a barrel CNBC The global supply glut that brought prices close to 11-year lows this week means Brent will post losses for a third consecutive year, the first time that has happened since exchange-based oil trading started in the 1980s. West Texas Intermediate (WTI ... Oil down 1 percent, reversing early gains, as US rig count rises US Oil-Rig Count Rises by 17 US oil rig count jumps |