Oil prices fall as production creeps up ahead of announced 2017 output cut

Web Desk: Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Brent crude futures were trading at $53.89 per barrel at 0132 … Continue reading Oil prices fall as production creeps up ahead of announced 2017 output cut