Oil futures settled sharply lower on Monday, with downbeat economic data from China raising concerns over the outlook for energy demand, helping prices log their first decline in five sessions.March West Texas Intermediate crude CLH6, -1.36% settled at $31.62 a barrel, down $2, or 6%, on the New York Mercantile Exchange. The decline came after oil posted a gain of roughly 10.8% over the past four trading sessions in a row.
April Brent crude LCOJ6, -1.05% on London’s ICE Futures exchange fell $1.75, or 4.9%, to $34.24 a barrel.
Oil-product prices on Nymex also ended lower Monday. March gasoline RBH6, -0.11% fell 4.9 cents, or 4.4%, to $1.083 a gallon, and March heating oil HOH6, -0.34% finished at $1.037 a gallon, down 4.2 cents, or 3.9%.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment