Oil at three-week low as rising output risks OPEC-led deal

31 May 2017, London — Oil fell to a three-week low on Wednesday on news that Libyan output was recovering from a technical issue at an oilfield, fuelling concerns that OPEC-led output cuts on reducing global inventories were being undermined by producers outside the deal. Global benchmark Brent crude futures LCOc1 were down $1.15, or […] More »