Crude Oil Falls for a second day with the increase in the number of oil rigs in Ameri
Crude Oil Falls for a second day with the increase in the number of oil rigs in America .. Brent drops to 41.08
March 22, 2016 7:27
SINGAPORE (Reuters) - Crude oil prices fell for a second session on Monday, falling further from the highest level reached in 2016 in the last week because of fears of an oversupply after the rise in the number of oil rigs in the United States for the first time since December.
Data company Baker Hughes oil services showed that US energy companies said last week oil rigs after the cuts lasted 12 weeks.
US crude fell 40 cents, or one percent, the price to $ 39.04 a barrel by 0001 GMT.
The market has jumped to $ 41.20 a barrel, the highest level since the beginning of December, before falling to land at closing nearly two percent to $ 39.44 a barrel.
Prices had risen during the last two months after OPEC raised the idea of freezing production at January levels.
The price of Brent crude fell to the nearest month maturity 12 cents to $ 41.08. Brent has reached a high level o