Oil prices steady below $49 as U.S. drillers continue to boost activity

Oil steadied below a barrel as U.S. drillers continued to boost activity, countering OPEC’s efforts to drain a global glut. Futures were little changed in New York after falling 9.1 percent last week, the biggest weekly loss since November. Rigs targeting crude in the U.S. rose to the most since September 2015. Oil last week … Read more