After four-straight weeks of selling, oil futures started on a down note Monday in Asia amid fresh supply worries. Continue Reading BelowOn Friday, data indicated that U.S. oil operators added six more active oil rigs the past week, marking a 22nd-straight increase. Overabundance of oil has suppressed prices for nearly three years. Bears today were also encouraged by the potential of a strong flow of oil from Nigeria and Libya hitting the market soon. That could propel Libya's daily production to 1 million barrels by the end of July, the national oil company said.

Source: Wall Street Journal June 19, 2017 03:00 UTC