Wall Street Journal | Oil Price Dips Under $55 on Saudi Output Fears Wall Street Journal LONDON—Oil prices kicked off the week in the red after Saudi Arabia said it was producing the most crude oil since July. Brent for delivery in May fell 1.1% to $54.71 a barrel on London's ICE Futures exchange. On the New York Mercantile Exchange ... Oil falls under $55 after Saudi Arabia sticks to its guns Non-OPEC members urged to co-operate on oil price Opec is prepared to wait out the slump in oil prices |