09:50 - 29/05/2017
Oil prices remained weak on Monday after being undermined by the continuing increase in the number of drilling rigs in the United States campaign led by OPEC to limit the supply of oil.
Futures prices fell Brent crude for another five cents to close it to $ 52.10 a barrel at 0150 GMT.
Futures prices for WTI and US mediator remained less than $ 50 a barrel, falling eight cents to $ 49.72.
The OPEC countries and some oil-producing countries outside OPEC agreed last week to extend the pledge to cut production about 1.8 million barrels per day until the end of the first quarter of 2018. However, this decision did not go to the extent to which many investors had hoped.
Many of the success of OPEC production in the United States, which is not involved in the cuts and will depend where production rose ten percent since mid-2016 to more than 9.3 million barrels per day, approaching the production of Russia and Saudi Arabia, the largest oil producers levels. Finished / 25