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Oil prices fall, but stocks keep rolling in wake of U.S. jobs data

Reuters  |  NEW YORK 

By Nick BrownNEW YORK (Reuters) - Oil prices were down on Monday as investors grappled with ongoing concerns over rising U.S. output and tight OPEC supply, while the benchmark U.S. yield hovered near multi-year highs ahead of an auction later in the day. Crude prices had risen on Friday and earlier on Monday after the U.S. economy added the biggest number of jobs in more than 1-1/2 years in February. But the trend began to reverse later in the day.Investors are weighing increased U.S. supply against the likelihood that the Organization of the Petroleum Exporting Countries will maintain supply ...

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First Published: Mon, March 12 2018. 22:25 IST