Oil eases on good supply picture, fed easing fears
NEW YORK -- U.S. oil futures fell more than $1 per barrel on Monday on the view that supplies were ample, along with worries that demand could weaken after a U.S. Federal Reserve policy maker suggested the central bank may taper its bond buying program.
Brent crude also fell, but the steeper drop in U.S. oil prices widened Brent's premium by 70 cents.
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