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Oil prices rise on Middle East fighting- OPEC output in focus

SINGAPORE Oil prices rose on Monday following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Front-month Brent futures LCOc1 were up 1 percent, or 65 cents, ... More »

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Iran deputy oil min says OPEC unlikely to cut output

KUALA LUMPUR The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday. Asked if OPEC would cut output at the upcoming June 5 meeting, Iran’s Dep... More »