Oil price falls early Monday on rising Iraq output, doubt over producer talk

International Brent crude oil futures were trading at US$49.54 per barrel at 0043 GMT (8.43 a.m. Malaysian time), down 38 cents from their previous close. U.S. West Texas Intermediate (WTI) crude futures were down 43 cents at $47.21 a barrel. (An oil storage tank is seen at the oil field of Zubair, in Basra, Iraq, August 27, 2016. - REUTERS)

International Brent crude oil futures were trading at US$49.54 per barrel at 0043 GMT (8.43 a.m. Malaysian time), down 38 cents from their previous close.