Brent, WTI Plunge on Record Saudi Output

Oil prices fell on Tuesday, depressed by record Saudi production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week.
Brent crude oil was down 70 cents a barrel at $59.78, still above a 13-mo…

Oil prices fell on Tuesday, depressed by record Saudi production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week. Brent crude oil was down 70 cents a barrel at $59.78, still above a 13-month low of $58.41 reached on Friday. US light...