Fresh US drilling capping oil price: OPEC

Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of deep reductions by other major producers, OPEC said Monday. In its latest oil market report, the Organization of the Petroleum Exporting Countries said its members last month reduced output by 890,000 barrels per day according to secondary sources. The International Energy Agency (IEA) said last week that the initial rate of compliance with a landmark deal to reduce the global o