Oil fell below $60 on Monday, extending the previous session's decline, as investors saw OPEC keeping output steady at its meeting this week despite a seasonal dip in demand in the second quarter.
U.S. crude fell 32 cents to $59.73 a barrel by 0024 GMT, marking the third consecutive session of decline after sliding $1.59 or 2.6 percent on Friday. London Brent crude was down 13 cents at $61.00.
Read more at Reuters.com
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