Oil rises 1 percent after #Saudi vows to cap #crude exports next month. #OPEC #Crude glut #Oil rise | Mining, Drilling and Discovery | Scoop.it
Oil rose more than 1 percent on Monday, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut, and Halliburton Co's (HAL.N) executive chairman said the U.S. shale drilling boom would probably ease next year.