By Henning Gloystein

SINGAPORE (Reuters) – Oil prices fell in early trading on Monday after South Korea posted its weakest export data since 2009 and the prospect of a coordinated production cut by leading crude exporters seemed remote.

Front-month Brent crude was trading at $35.55 per barrel at 0047 GMT, down 44 cents or over 1.2 percent from the last close. U.S. West Texas Intermediate was down 32 cents at $33.30 a barrel.

South Korea posted an 18.5 percent year-on-year drop in exports on Monday read more >>>

Source : BusinessInsider.Com