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 12:59 2017 Thursday ,14 December
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Oil up on ongoing OPEC cuts, but rising US output weighsGMT 18:16 2017 Monday ,20 November
Oil markets tepid ahead of Nov. 30 OPEC meetingGMT 04:45 2017 Thursday ,16 November
Oil prices extend losses in Asia after demand warningMaintained 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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