U.S. oil dips on increased drilling, but OPEC cuts support global markets

Oil prices dipped on Monday, with U.S. crude easing from two-year highs on the prospect of increased output, although global markets were slightly better supported by expectations an OPEC-led supply cut would be extended.Weak Chinese stock market data also weighed on oil futures markets, traders...

U.S. oil dips on increased drilling, but OPEC cuts support global markets