Oil prices rose to a one-month high Tuesday on hopes for falling supply in both the U.S. and global markets. The U.S. Energy Information Administration said domestic crude production fell 120,000 barrels a day from August to September. At 9 million barrels a day last month, the U.S. production hit its lowest level in a year. The agency slightly cut its production forecasts putting it at 8.8 million barrels a day in 2016. Prices had also received a boost earlier in the day from talk of a meeting between Russia and the Organization of the Petroleum Exporting Countries. Industry executives and reports have mentioned a potential meeting to discuss the conditions on the oil market, causing some to speculate the world’s other largest producers could join the U.S. in a continuing pullback. “That’s starting to wake up some of the folks out in this space,” Bob Yawger, director of […]