Oil prices dip on ample supply as OPEC may consider widening cap
Prices dropped even as OPEC signalled it may widen its production caps to include Nigeria and Libya, whose output has recovered in recent months after being curtailed by years of unrest. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $46.21 per barrel at 0936 GMT, down 50 cents, or around 1 percent, from their last close. The Organization of the Petroleum Exporting Countries has agreed with some non-OPEC members to curtail production until March 2018 but the move has failed to eliminate a global glut of crude.

