Oil prices down 5 percent in January as rising U.S. output offsets OPEC-led cuts
SINGAPORE, Jan 31 (Reuters) - Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an effort to prop up the market. [Source]
Publication Date:Origin: reuters.com
Category: rbssEnergyNews
Topics: output, rising, January, percent, prices, market, effort, to cut, producers, efforts, offset, activity, drilling, early, fell around, crude, Brent, (Reuters), SINGAPORE, OPEC-led, offsets
Source: http://feeds.reuters.com/~r/reuters/USenergyNews/~3/4IyGjCxC7I8/global-oil-idUSL4N1FL075