Sunday, December 4, 2016

Oil prices fall as production creeps up ahead of announced 2017 output cut

SINGAPORE, Dec 5 (Reuters) - Oil prices fell by one percent

on Monday as a higher U.S. rig count unsettled markets amid

nagging concern that output cuts, planned as part of concerted

action between producer club OPEC and Russia, might not be as

big as initially anticipated.

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