Oil Extends Gains on U.S. Drilling Slowdown\, Saudi Supply Pledge

Flames burn off at an oil processing facility in Saudi Aramco’s oilfield in the Rub’ Al-Khali (Empty Quarter) desert in Shaybah, Saudi Arabia. (Photographer: Simon Dawson/Bloomberg)

Oil Extends Gains on U.S. Drilling Slowdown, Saudi Supply Pledge

(Bloomberg) -- Oil extended gains above $54 a barrel after drilling activity slowed in the world’s biggest producer, while the top two crude exporters agreed to try and keep global markets in balan...