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[size=30]Oil prices fell as US production continued to rise[/size]
14/03/2018 08:31 | Number of readings:
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Trend Press / Agencies
Oil prices fell, continuing losses from the previous session as markets were affected by the continued increase in US crude production.
West Texas Intermediate crude <LCOc1> was $ 61.18 a barrel, down 18 cents, or 0.3 percent, from the previous close.
Brent crude futures were $ 64.77 a barrel, down 18 cents, or 0.3 percent.
"Oil prices have fallen as a result of concerns that a rise in US production will lead to an increase in inventories in the United States," ANZ said.
The strong demand and production constraints imposed by a group of producers, led by Opec and Russia, are preventing a larger fall in prices.
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