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Oil below US$59 as producers keep pumping

Opec members which backed output cut in Nov meeting are showing a change of heart
Thursday, December 18, 2014 - 05:50
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Brent crude oil fell below US$59 a barrel on Wednesday, near 51/2-year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.

London

BRENT crude oil fell below US$59 a barrel on Wednesday, near 5 1/2-year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.

Core Gulf Opec (Organization of the Petroleum Exporting Countries)

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