Oil prices tumble as doubts over planned crude output cut rise

REUTERSSingapore Oil prices fell over 1 per cent on Monday, extending declines from last Friday as doubts re-emerged over the ability of major producers to cut output at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures were trading at US$46.40 per barrel at 0035 GMT, down 84 US cents, or 1.8 per cent, from their last close. US West Texas Intermediate (WTI) crude futures were down 74 US cents, or 1.6 per cent, at US$45.32 a... Read More