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Oil prices fall on rising U.S. rig count, Illinois refinery outage

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices fell on Monday as drilling activity in the United States picked up and a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large crude distillation unit.Concerns about faltering economic growth curbing fuel demand also weighed on oil markets, traders said.U.S. West Texas Intermediate (WTI) crude futures were at $52.17 per barrel at 0750 GMT, down 55 cents, or 1 percent, from their last settlement.International Brent crude oil futures were down 27 cents, or 0.4 percent, at $61.83 a barrel.In the United States, energy ...

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First Published: Mon, February 11 2019. 13:39 IST