Crude oil

Crude Oil

Oil prices on Monday fell after OPEC (The Organization of the Petroleum Exporting Countries) along with Russia decided to battle record-high output in the U.S. Oil costs edged lower on Monday after universal benchmark Brent hit a new five-month high in the past session, yet concerns remain as worldwide supplies suffered losses. Losses were constrained due to fixing supplies globally, as production has fallen in Venezuela and Iran. The U.S.