Oil Dips as Russia & KSA Expected to Raise Output

published:18/06/2018 05:18 GMT

Oil prices fell further on Monday (18 June), pulled down by an expectation that producer club OPEC and its allies will increase supplies. Brent crude futures LCOc1 , the international benchmark for oil prices, were at US$73.05 per barrel at 0036 GMT, down 39 cents, or 0.5%, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at US$64.24 a barrel, down 82 cents, or 1.3%, from their last settlement. The drops came after crude futures fell around 3% on Friday (15...More