U.S. crude production declined last week due to Gulf storm OPEC has no plans to discuss deeper supply cuts, U.A.E. says Oil extended the longest run of gains in six months after U.S. shale explorers paused a record drilling expansion in a sign the boom may be slowing down. Futures added as much as 2.2 percent in New York, advancing for a seventh session. Shale explorers broke the longest stretch of uninterrupted growth in three decades as rigs targeting crude fell by 2 this week, bringing the total to 756, according to Baker Hughes Inc. data reported Friday. The rig count has more than doubled from a low of 316 in May. While prices have surged this week, oil in New York and London are still set for a loss in June — a month in which prices typically gain. Crude futures tumbled into a bear market last week […]