Reuters | Oil falls as signs of US output rise overshadows OPEC-led cuts Reuters LONDON Oil prices fell one percent on Monday as signs of a strong recovery in U.S. oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December. Global benchmark Brent crude prices ... Oil prices drop even after encouraging Saudi comments on supply Too Much Ain't Enough as Investors Bet on Oil Market Rebound Oil starts the week lower as markets focus on U.S. drilling activity |