Oil prices are falling for the fifth straight session on worries that higher prices are already leading to larger production despite a lingering glut. The market has been taking sharp losses since Friday when... U.S. crude for July delivery recently fell 12 cents, or 0.3%, to $48.37 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 38 cents, or 0.8%, to $49.45 a barrel on ICE Futures Europe.

Source: Wall Street Journal June 15, 2016 09:47 UTC