Oil futures finished modestly lower on Monday after a volatile trading session marked by traders’ reactions to Saudi Arabia’s pledge to work with global oil producers in an effort to stabilize prices.January West Texas Intermediate crude CLF6, +0.34% shed 15 cents, or 0.4%, to settle at $41.75 a barrel on the New York Mercantile Exchange. Brent crude LCOF6, +0.36% however, settled up 17 cents, or 0.4%, to $44.83 a barrel on London’s ICE Futures exchange.
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