Oil steady near multi-month lows on OPEC output record, U.S. rig count
By Osamu Tsukimori TOKYO (Reuters) - Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. London Brent crude for January delivery was trading down 3 cents at $44.72 a barrel by 0336 GMT, after settling down $1.09 on Friday. Oil has been under pressure since before the Organization of the Petroleum Exporting Countries (OPEC) said on Friday that its output rose to a record
Read more »