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Oil drops 3%, pares Opec gains on stock market weakness

  • 📰 BusinessTimes
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[NEW YORK] Oil fell nearly 3 per cent on Monday, echoing the weakness in global stock markets as the focus returned to concerns about growth in demand and crude prices erased some of the gains made last week on an Opec-led decision to cut output. Read more at The Business Times.

 

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Oil rises on optimism Opec+ supply curbs will stabilise market[NEW YORK] Oil edged higher on renewed optimism that announced production cuts from the Opec+ coalition will re-balance global markets, while Libya's biggest field remained shut, taking supply off line. Read more at The Business Times.
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