Oil Falls Anew As OPEC Emergency Meet, Output Cut Ruled Out
by Reuters
|
Barani Krishnan | Monday, December 15, 2014 | 11:08 AM EST
The spread between Brent's front-month January and nearby February also narrowed, to around 20 cents a barrel from Friday's 30 cents.
U.S. crude sold off more sharply on fears of another sharp inventory build in the United States last week, traders said.
(Additional reporting by Robert Gibbons in New York, Christopher Johnson in London and Henning Gloystein in Singapore; Editing by Bernadette Baum and Grant McCool)
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