Oil prices fall on glut concern
Xinhua, January 31, 2017 Adjust font size:
Oil prices fell for the second consecutive session on Monday, after data showed a recovery for U.S. drilling activity.
The West Texas Intermediate for March Delivery erased 0.54 U.S. dollars to settle at 52.63 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery decreased 0.29 dollars to close at 55.23 dollars a barrel on the London ICE Futures Exchange. Enditem