Oil Falls as Trump Repeats Call for OPEC to Cut Prices

OIL PRICE - SINGAPORE. Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.

Brent crude futures dropped 35 cents, or 0.45%, to $78.15 a barrel by 0726 GMT after settling 21 cents higher on Friday.