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Oil falls after failed North Korean missile test, U.S. rig count gains

Reuters  |  TOKYO 

By Aaron SheldrickTOKYO (Reuters) - Crude oil fell on Monday in quiet trading after the three-day Easter break on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday. Benchmark Brent crude futures were down 56 cents at $55.33 at 0618 GMT. On Thursday, before major markets closed for the holiday break, they settled up 3 cents at $55.89 a barrel.U.S. West Texas Intermediate (WTI) crude futures were down 51 cents at $52.67 a barrel, after rising 7 cents to $53.18 on Thursday. ...

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First Published: Mon, April 17 2017. 11:54 IST