©2016 Bloomberg News O3A7XP6TTDS0 (Bloomberg) — Oil traded below $33 a barrel as U.S. drillers cut the number of active rigs to the lowest level in more than six years amid a global glut. Futures slipped as much as 0.8 percent in New York after posting the biggest weekly gain

published Mar 14th 2017, 3:30 pm, by Robert Burgess (Bloomberg View) — Once again, global markets were paced by oil. Crude slumped for a seventh straight day to trade below $48 a barrel at one point, dragged lower this time by reports that Saudi Arabia raised its production back above