CRUDE OIL NEWS UPDATE ( www.trademaxindia.com) call@ 8218995526 , 8077693966

Oil falls on increased U.S. rig count, China industrial slowdown© Reuters. Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing

Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown.

International Brent crude oil futures were at $60.74 a barrel at 0804 GMT, down 90 cents, or 1.46 percent.

 

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