Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over three years and remained set for a second straight month of gains. Oil prices were supported by supply concerns amid prospects that the United States could reimpose sanctions on Iran, while OPEC-led producers continue to withhold output. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $67.82 a barrel, down 28 cents, or about 0.4 percent, from their last settlement. …read more
Source:: Yahoo Finance
