Oil posts biggest monthly loss since 2016 as OPEC boosts output - Dealers Care

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Wednesday, 1 August 2018

Oil posts biggest monthly loss since 2016 as OPEC boosts output

By Andres Guerra Luz NEW YORK (Reuters) - Oil prices fell on Tuesday, closing out the largest monthly decline in two years on supply worries after OPEC output reached a 2018 high in July, overshadowing reports that the United States and China might reopen trade talks that could boost demand. October Brent crude futures fell $1.34 to settle at $74.21 a barrel

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