Reuters | Oil prices drop as Iraq says doesn't want to join OPEC cut Reuters SINGAPORE Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work. International Brent crude oil futures LCOc1 were trading ... 5 Negative Factors For Oil Prices Iraq's refusal to cut oil output a blow to OPEC stability effort Strong dollar pulls down oil |