Oil prices fall as supply concerns ease | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN
Oil prices fall as supply concerns ease | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN
Reuters
LONDON (Reuters) - Oil prices fell on Monday as force majeure at Libya's largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta.
Brent crude was down 41 cents to $42.44 a barrel by 0650 GMT and U.S. West Texas Intermediate was at $40.18, down 42 cents.
"It's all about ending production disruptions ... (which) are not helpful in