MarketWatch | Why Oil Won't Rally Above $60 In The Near Term OilPrice.com Last week the IEA warned that rising non-OPEC production could put an end to the OPEC-fueled price rally that began in late November after the cartel's agreement to cut production. With oil production bouncing back in the shale patch and a handful of ... Oil ends lower as output cuts fail to ease worry about rising US production Oil market may balance this quarter: UBS report Oil slips as US drilling recovery offsets OPEC-led cuts |