MW: Crude reverses gains as demand concerns outweigh OPEC
Crude-oil futures reversed earlier gains, falling for the first time in four sessions as demand concerns outweighed evidence that members of the OPEC cartel are going ahead with announced production cuts. Crude for February delivery was last down 66 cents, or 1.3%, at $48.15 a barrel on the New York Mercantile Exchange. It rose to $50.47 earlier, the highest since Dec. 1.
