Oil falls as OPEC output rises, more production planned | Reuters:
Oil futures fell Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States.
A flurry of announcements over the weekend unsettled oil markets. Global benchmark Brent fell 2.4 percent in the session, changing direction from last week when it gained more than 5 percent.
Brent crude LCOc1 fell $1.93 to settle at $77.30. U.S. light crude CLc1 fell to settle down 21 cents at $73.94.
No comments:
Post a Comment