| U.S. oil prices fell Monday, erasing earlier gains, as concerns about rising crude inventories outweighed suggestions that Saudi Arabia might cut oil production in an effort to boost prices.
Robust output in the U.S., Saudi Arabia and elsewhere pushed the oil market into oversupply in mid-2014 and has kept prices near multiyear lows all year. Analysts say the global glut of crude will likely persist through at least the first half of 2016...............................................Full Article: Source
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