Oil prices fall on expectation Russia, Saudi Arabia will raise output
Updated : June 18, 2018 07:04 AM IST
Oil prices fell further on Monday, pulled down by an expectation that producer club OPEC and its allies will increase supplies.
Brent crude futures LCOc1, the international benchmark for oil prices, were at $73.05 per barrel at 0036 GMT, down 39 cents, or 0.5 percent, from their last close.
US West Texas Intermediate (WTI) crude futures CLc1 were at $64.24 a barrel, down 82 cents, or 1.3 percent, from their last settlement.