Oil futures settled lower Monday, lingering below $60 a barrel, as traders considered the outlook for crude demand after China stepped up efforts to boost its economy.Analysts, meanwhile, remained cautious about the recent strength in oil markets.
June crude CLM5, -0.03% lost 14 cents, or 0.2%, to settle at $59.25 a barrel on the New York Mercantile Exchange, while Brent crude LCOM5, -0.18% on London’s ICE Futures exchange fell 48 cents, or 0.7%, to $64.91 a barrel.
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