Oil dips away from 2014 highs on rising U.S. rig count, but analysts say market supported

SINGAPORE (Reuters) - Oil prices dipped on Monday as rising drilling activity in the United States pointed to higher future output, although output cuts led by OPEC and Russia as well as healthy demand kept crude near December 2014 highs reached last week.

from Reuters: Business News http://ift.tt/2FDW7uK