Oil extends decline as rising US output weighs

OIL prices extended declines on Monday, dragged down by signs of growing output in the US that would partly offset production cuts by OPEC and other producers. London Brent crude for March delivery was down 26 cents at $US55.26 ($F114) a barrel by 0005 GMT after settling down 72 cents on Friday. NYMEX crude for […]

Continue reading this article with a Fiji Times online membership.

More Stories