Oil prices ease from 10-month highs but hold above $90 a barrel
LONDON (Reuters) -Oil prices dipped on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week.
Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year.
Brent crude fell by 40 cents, or 0.44%, to $90.25 a barrel by 0848 GMT on Monday while U.S. West Texas Intermediate crude lost 65 cents, or 0.74%, to $86.86.
