Oil Slips as Trump Repeats Call for OPEC to Reduce Prices

OIL AND GAS - SINGAPORE. Oil prices fell more than 1% 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 87 cents, or 1.11%, to $77.63 a barrel by 0043 GMT after settling up 21 cents on Friday.