10-10-2016 02:11 via uk.news.yahoo.com

Oil prices fall over doubts that non-OPEC producers will cut output

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell more than 1 percent in early trading on Monday over doubts that an OPEC-led plan to cut output to rein in a global fuel supply overhang would be supported by other producers, including Russia. U.S. West Texas Intermediate (WTI) crude futures were down 57 cents, or 1.1 percent, at $49.24 a barrel. ANZ bank said that prices were pulled down by a statement by the Russian energy minister who said that "he was not expecting to sign a producti
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