Oil slips as more U.S. drilling outweighs OPEC-led cuts
Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC-led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain, but concerns lingered over whether OPEC action would be enough to stem the tide of oversupply. U.S. West Texas Intermediate (WTI) crude futures were also down 17 cents at $49.63 per barrel.
Source:: https://finance.yahoo.com/news/oil-falls-u-drilling-undermines-032657769.html
