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Oil prices fall, while demand for U.S. Treasuries stays strong

Reuters  |  NEW YORK 

By Nick BrownNEW YORK (Reuters) - Oil prices regained some ground on Monday afternoon but remained down as investors grappled with persisting concerns about rising U.S. output, while demand for U.S. Treasuries stayed strong despite increased supply.Crude prices rose on Friday after the U.S. economy added the biggest number of jobs in more than 1-1/2 years in February. But U.S. crude fell as much as 2.21 percent on Monday, to $60.67 per barrel, before bouncing back to $61.35, down 1.11 percent. "It just looked like some profit taking," said Jim Ritterbusch, president of energy advisory firm ...

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First Published: Tue, March 13 2018. 01:17 IST