SINGAPORE - Crude oil prices slid Monday as the market gauged OPEC nations' cohesion in oil cuts and noted ample winter supplies because of mild autumn weather.
An increase in supply from non-OPEC countries has also eased prices in the January contract that started trading Monday, said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.
Light sweet crude for January delivery was down 59 cents to $58.38 a barrel in midafternoon Asian electronic trading on the New York Mercantile Exchange. January Brent at London's ICE Futures exchange was down 68 cents to $58.31 a barrel.
On Friday, the December light sweet crude contract closed at $55.81 a …
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