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Oil prices fall as US output hits record; global markets still tense

Updated : May 02, 2019 12:39 PM IST

Spot Brent crude oil futures were at $71.81 per barrel at 0655 GMT, 35 cents, or 0.5 percent, below their last close.
US West Texas Intermediate (WTI) crude futures were down 27 cents, or 0.4 percent, at $63.33 per barrel.
Despite the desire of many OPEC members to keep withholding supply to prop up the market, the group may be forced into action.
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