Oil prices give up gains, U.S. output weighs against OPEC-led cuts

08 May 2017, London — Oil prices gave up early gains on Monday, as the market weighed news from OPEC and other producers about prolonging output cuts against data showing the recovery in U.S. drilling had extended for a year. Brent crude was up just 3 cents at $49.13 a barrel by 0959 GMT (5.59 […] More »