28MAY2018 - NEWS - Oil prices fell on Monday as OPEC and Russia may raise output

On Monday oil prices fell from their previous closing values. Oil prices fell as Organization of the Petroleum Exporting Countries (OPEC) and Russia said they may increase supplies. Brent crude futures were down by around $1.08 from their previous close whereas U.S. West Texas Intermediate (WTI) crude futures were down by around $1.18 from their previous settlement values. Both Brent crude and US WTI crude serves as benchmark for oil pricing globally.