Oil prices fall over doubts of planned crude output cut
By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell on Monday, adding to Friday's steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures fell 2 percent at one point but regained ground to be trading down 24 cents, or half a percentage point, at $47 per barrel at 0439 GMT. U.S. West Texas Intermediate (WTI) crude futures also retraced early loses to be down 26 ce
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