Oil rally fizzles over output OPEC can't control

Oil’s rebound ran out of steam as investors focus on all the production that OPEC can do nothing about. Futures were little changed in New York as they capped the first weekly gain in a month. The Organization of Petroleum Exporting Countries boosted estimates for growth in rival supplies by 64 percent, as producers in the U.S. shale patch, Brazil and elsewhere keep boosting production. “Prices have come up quite a bit this week, and it looks like the market just ran out of steam,” said Kyle Coo...

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