Tag: Yahoo Finance

Oil prices dragged lower by sluggish demand, supply outlooks

Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures fell by 14 cents, or 0.2%, to $59.28 a barrel by 0517 GMT. U.S. West Texas Intermediate crude oil futures declined 10 cents, or 0.2%, to $53.68 a barrel....