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Oil prices hold near seven-month lows, glut keeps dragging

Reuters  |  TOKYO 

By Aaron SheldrickTOKYO (Reuters) - Oil markets held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices.Brent futures were up 2 cents at $46.93 at 0611 GMT. On Monday, they fell 46 cents, or 1 percent, to settle at $46.91 a barrel.That was their lowest close since Nov. 29, the day before the Organization of the Petroleum Exporting Countries (OPEC) and other producers agreed to cut output for six months from January.U.S. West Texas Intermediate crude futures were down 3 cents ...

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First Published: Tue, June 20 2017. 11:58 IST
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