(Bloomberg) — Oil held its biggest decline in three weeks as Kuwait signaled a deal with Saudi Arabia to renew crude output along their border and U.S. shale explorers increased drilling.Futures were little changed in New York after falling 1.2% on Friday, the most since Nov. 29. The shared neutral zone, which has been shut for at least four years due to disputes between the two countries, can produce as much as 500,000 barrels a day. U.S. explorers last week boosted drilling by the most in almost two years, according to data from Baker Hughes Co. on Friday.Oil is up …read more
Source:: Yahoo Finance
