25JUN2018 - NEWS - Oil prices falls on Monday on expected supply rise from OPEC

Oil prices fell on Monday as traders factored in an expected output increase that was agreed during the meeting held at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday last week. Brent crude futures which serves as benchmark for oil pricing globally were down by around 1.7 percent from their previous settlement values.