Oil falls as China fuel exports jump, U.S. rigs rise

22 August 2016, London — Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers added rigs for an eighth consecutive week, and prospects emerged for increased exports from Iraq and Nigeria. Brent crude futures LCOc1 were trading at $49.39 per barrel at 1028 GMT, down […] More »