The price for Brent crude oil was under pressure Monday after OPEC hinted at more production, though a lack of spare capacity could be a factor. Brent, the global benchmark for the price of oil, continued its downturn from Friday after members of the Organization of Petroleum Exporting Countries solidified a decision to ease compliance with a multilateral production control effort. Supported in part by chronic production challenges in Venezuela, compliance last month was close to 150 percent. Moving compliance to 100 percent adds a theoretical 1 million barrels per day to the market in the second half of the year. That’s eased concerns about further market deficits triggered by Venezuela and the possible loss […]