Oil prices trade at thier lowest in three month on Monday, dragged down as US added oil rigs for an eight consecutive week, according to the lates report from Baker Hughes.
America's energy businesses are taking advantage of a price recovery which occurred after OPEC agree with other major oil producers to cut output.
West Texas Intermediate for delivery in April lost 0.58%, to trade for $48.09 per barrel at 3.5 am CET, after reaching its lowest since late November at $48.07 a barrel.
Internation benchmark Brent for settlements in May dropped 0.49%, to change hands for $51.02 per barrel at 3.45 am CET, its weakest since November 30.
Updated time : [3/13/2017] 11.1100 am
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