Oil slips as U.S. supply grows, OPEC mulls higher output

Oil prices slipped on Monday as U.S. production hit a record high and OPEC members considered boosting supply. Benchmark Brent crude oil lost $1.26 a barrel, or 1.6 percent, reaching a low of $75.53 before recovering to $76.29, down 50 cents, by 1330 GMT. U.S. light crude was unchanged at 65.81 a barrel. …read more

Source:: Yahoo Finance

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