Oil prices edged lower on Monday as investors weighed growing U.S. supply against OPEC’s plan to restore market equilibrium by cutting production. Light, sweet crude for April delivery settled down 9 cents, or 0.2%, at $48.40 a barrel on the New York Mercantile Exchange, closing out the sixth consecutive session of losses. Brent, the global benchmark, was near flat at $51.36 a barrel. The resurgence of the U.S. shale-oil...

Source: Wall Street Journal March 13, 2017 12:08 UTC