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SINGAPORE - Oil prices fell below US$81 a barrel Monday in Asia amid investor concerns flagging U.S. crude demand doesn't justify the recent rally. Benchmark crude for April delivery was down 40 cents to $80.84 a barrel at midday Singapore time in electronic trading on the New York Mercantile Ex
TEHRAN, Iran - Iran's oil minister says OPEC nations not to change their crude output targets at their upcoming meeting in Vienna. Gholam Hossein Nozari told reporters Monday, on the anniversary of the 1951 nationalization of Iran's oil industry, the world should expect oil prices to remain at a
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