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Oil down on output cut doubts, expected US production rise - Reuters
Reuters | Oil down on output cut doubts, expected US production rise Reuters But global oil production remains high and, with inventories near record levels in many areas, investors doubt that OPEC and its allies can trim output enough to push up prices. Benchmark Brent crude oil LCOc1 was down 4 cents a barrel at $55.41 by 11 ... Oil slips as investors await OPEC data Oil falls on output cut doubts, expected US production rise Crude oil counter faces many ifs and buts; but near-term outlook is upward |
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