Oil down on concerns rising U.S. production could dampen output cut deal

09 January 2017, London — Oil fell more than 2 percent on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market. Brent crude futures LCOc1 were down $1.30, or 2.3 percent, at $55.80 a […] More »