Oil futures finished lower on Monday, as a drop in Chinese oil imports and the lingering effects of last week’s decision by the Organization of the Petroleum Exporting Countries to keep its production ceiling unchanged sent prices for the U.S. benchmark well below $59 a barrel.On the New York Mercantile Exchange, July crude CLN5, +0.46% settled at $58.14 a barrel, down 99 cents, or 1.7%. July Brent crude LCON5, +0.37% on London’s ICE Futures exchange fell 62 cents, or 1%, to $62.69 a barrel.
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