Brent, the international oil benchmark, briefly fell below $50 a barrel for the first time in a week. It was recently down 0.7% to $50.18 a barrel on London’s ICE Futures... LONDON—Oil prices kicked off the week in the red after U.S. drilling data showed another increase, reinforcing views that the recent price rally may restrain the nascent rebalancing of the oversupplied market by motivating producers to restart closed wells.

Source: Wall Street Journal June 13, 2016 03:33 UTC