Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $73.90 per barrel at 0035 GMT, down 2.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $68.36 a barrel, down 0.3 percent, supported by a slight drop in U.S. drilling activity. …read more
Source:: Yahoo Finance
