Prices for the U.S. crude-oil benchmark marked their lowest settlement in six years on Monday, as investors remained fixated on a supply glut.On the New York Mercantile Exchange, April crude CLJ5, -0.50% settled at $43.88 a barrel, down 96 cents, or 2.1%, after tapping a low under $43. Prices for a most-active contract haven’t settled at a level this low since March 11, 2009. Last week, they fell 9.6%.
April Brent crude LCOJ5, -2.30% on London’s ICE Futures exchange declined by $1.23, or 2.3%, to end at $53.44 a barrel on the contract’s expiration day.
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