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Brent crude futures fell 35 cents, or 0.5%, to $66.64 a barrel by 0810 GMT, while U.S. West Texas Intermediate crude dropped 33 cents, or 0.5%, to $63.15.
Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand.
U.S. oil production is what matters - not OPEC, Russian production cut. Shale producers ready to rumble. Another 21 oil rigs added in the U.S. U.S. shale taking over the direction of the market ...
The sluggish demand clashes with a surge of production from Opec. The IEA said Opec’s push to boost global oil supply would ...
OPEC is doubling down on its view that global oil demand will keep rising through 2050, with no peak demand in sight, as the cartel on Thursday released its annual World Oil Outlook on long-term ...
Saudi Arabia, the de facto leader of OPEC Plus, is signaling that it is reluctant to hold back millions of barrels a day of oil that it could produce, especially when other members of the group ...
OPEC projects continued oil demand growth. Other energy groups disagree. Demand will continue to grow in developing economies, according to the oil cartel.
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Oil bull says OPEC forecast sets stage for price surge - MSN
Oil bull Josh Young tells CNBC's Dan Murphy that OPEC's latest World Oil Outlook forecast could set the stage for a long-term uptick in oil prices.
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