Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts

SINGAPORE (Reuters) - Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an effort to prop up the market.

Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts
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