Oil slides from nine-week highs as market looks to OPEC

Oil slides from nine-week highs as market looks to OPEC

Oil slides from nine-week highs as market looks to OPEC

Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. U.S. crude futures were down 55 cents, or 1.11 percent, at $49.03 per barrel, but up from the day's low of $48.78 a barrel. Doubts have since swirled around the effectiveness of the cuts, as OPEC output hit a 2017 high in July and its exports hit a record.


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Cambodia to ask Japan to invest $800 million in skytrain

Cambodia will ask Japan to invest $800 million in a skytrain system for the capital Phnom Penh, Prime Minister Hun Sen said on Monday during a visit to Tokyo. Inadequate infrastructure, particularly in rural areas, has partly deterred investors in Cambodia, one of the world's poorest countries. Hun Sen said on Facebook the skytrain would link the capital to its international airport.


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Riding & Driving in a Ram ProMaster Van

With a rental agreement signed, sealed and in hand, Fleet Owner took a 2017 Ram ProMaster 2500 HD high-roof full-size cargo van on a 540-mile two-day journey from North Virginia down through the Shenandoah Valley and back, fully-loaded and empty. The surprising thing about it: how comfortable, capable and easy to handle a stripped-down model turned out to be. (All photos: Sean Kilcarr/Fleet Owner)

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Oil slides from nine-week highs as market looks to OPEC

Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. U.S. crude futures (CLc1) were down 55 cents, or 1.11 percent, at $49.03 per barrel, but up from the day's low of $48.78 a barrel. Doubts have since swirled around the effectiveness of the cuts, as OPEC output hit a 2017 high in July and its exports hit a record.


...Read the rest of this story