| U.S. oil prices fell Monday on concerns about a continued oversupply of crude, paring earlier gains. Light, sweet crude for April delivery settled down 17 cents, or 0.3%, to $49.59 a barrel on the New York Mercantile Exchange.
Futures rose above $51 a barrel earlier in the session after a widely watched forecaster said crude supplies in a key storage hub grew by a smaller-than-expected amount last week. Data service Genscape Inc. reported that oil inventories in Cushing, Okla., grew by 1.39 million barrels in the week...............................................Full Article: Source
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