Oil posts biggest monthly loss since 2016 as OPEC boosts output

Oil posts biggest monthly loss since 2016 as OPEC boosts output Reuters By Andres Guerra Luz NEW YORK (Reuters) - Oil prices fell on Tuesday, closing out the largest monthly decline in two years on supply worries after OPEC output reached a 2018 high in July, overshadowing reports that the United States and China might reopen trade talks that could boost demand. October Brent crude futures fell $1.34 to settle at $74.21 a barrel The post Oil posts biggest monthly loss since 2016 as OPEC boosts output appeared first on Firstpost. FirstPost