...388 per 1,000 cubic feet. In London, Brent crude fell $1.05 to settle at $74.37 a barrel on the ICE Futures exchange. Associated Press writers Alex Kennedy in Singapore and Pablo Gorondi in Hungary contributed to this report.

The United States will become the world's largest oil producer by around 2020, temporarily overtaking Saudi Arabia, as new exploration technologies help find more resources, the International Energy Agency forecast on Monday.