Oil futures slid further downhill in electronic trade early Monday, with a rising dollar helping weigh on the commodity. Benchmark Nymex crude futures for February CLG5, -1.99% fell by $1.07, or 2%, to $51.62 a barrel on the Globex platform.The contract -- which lost 1.1% in New York Mercantile Exchange action Friday -- traded as low as $51.40 earlier in the day, according to Reuters data, marking the weakest level for a front-month Nymex oil future since May 2009.
Rival benchmark Brent North Sea crude LCOG5, -1.61% retreated 99 cents, or 1.8%, to $55.43 a barrel, extending a 0.2% drop on Friday. It too touched its lowest price since May 2009, Reuters said.
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