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SINGAPORE- Oil prices edged down as traders took profits, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
Brent crude fell 15 cents, or 0.4 percent, to $37.69 a barrel, in the first day of trading in the contract with August as the front month.
West Texas Intermediate (WTI) crude futures CLc1 for July delivery were at $35.36 a barrel, down 13 cents, or 0.4 percent.
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The price falls come after front-month Brent and WTI prices posted their strongest monthly gains in years in May.
