Oil settles lower as OPEC plans to increase oil output
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled marginally lower on Monday as OPEC’s plans to increase oil output once again outweighed hopes of a trade deal framework between the U.S. and China and renewed U.S. sanctions on Russia. Brent crude futures were down about 32 cents, or nearly 0.5%, at $65.62 a barrel, while … Read more