Oil prices edge up on first drop in U.S. drilling in months
Oil prices edged up on Monday, supported by the first fall in U.S. drilling activity in months, although rising output from OPEC despite a pledge to cut supplies capped gains. Brent crude futures added 6 cents or 0.1 percent to $48.83 per barrel by 0137 GMT (9.37 p.m. ET), after jumping 5 percent last week for the first gain in six weeks. U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, or 0.3 percent, to $46.19 per barrel after a more than 7 percent gain last week from depressed levels.
Source:: https://finance.yahoo.com/news/oil-prices-edge-first-drop-u-drilling-months-014113170.html
