4 weeks Oil loses ground on jitters over economy, hint of MidEast tensions easing MB |Biz
By Reuters TOKYO – Oil prices fell on Monday as investors fretted over the outlook for global economic growth, while weekend talks between Iran and major powers ended on a generally positive note, suggesting an easing of tensions in the Middle East. A boat is seen close to oil installations at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. Picture taken October 5, 2017. (REUTERS / Isaac Urrutia / MANILA BULLETIN) Brent crude futures were down by 37 cents, or 0.6%, at $63.09 a barrel by 0717 GMT. Prices rose 1.6% last week. US West Texas Intermediate crude was down ... more