Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the US rig count rose again.
London Brent crude for January delivery LCOc1 was trading up 4 cents at $44.79 a barrel by 0630 GMT, after settling down $1.09 on Friday. The benchmark on Friday hit its lowest since August 11 at $44.19.
NYMEX crude for December delivery CLc1 was down 4 cents at $43.37 a barrel. The contract closed down $1.25 on Friday after dropping as low as $43.03, its weakest since September 20.
GMT 20:31 2017 Sunday ,28 May
Rising prices: Oil's well that ends wellGMT 11:49 2017 Thursday ,23 March
Oil prices hit lowest since November on expanding US inventoriesGMT 06:09 2017 Thursday ,23 March
Oil prices slide on bulging American crude inventoriesGMT 04:47 2017 Wednesday ,22 March
Oil prices climb on talk that OPEC could extend supply cutGMT 05:36 2017 Saturday ,18 March
Weaker dollar helps lift oil prices as investors weighedMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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