Brent crude oil prices fall as OPEC production soars

April 17, 2015 2:59 AM

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Brent crude oil prices fall as OPEC production soars

SINGAPORE (Reuters) - Brent crude oil prices fell over a dollar on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut.

The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped 810,000 barrels per day (bpd), to 30.79 bpd which is equivalent to a third of global supply.

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