Oil futures settle lower, with Brent under $100 a barrel

oil-futures-settle-lower,-with-brent-under-$100-a-barrel

Oil futures fell on Monday, with global Brent prices settling under $100 a barrel for the first time since mid-March. Expectations for a decline in energy demand amid COVID-19 related shutdowns in China pressured prices, analysts said. West Texas Intermediate crude for May delivery CLK22, -3.65% fell $3.97, or 4%, to settle at $94.29 a barrel on the New York Mercantile Exchange, the lowest front-month contract finish since Feb. 25, FactSet data show. June Brent oil BRNM22, +0.30% lost $4.30, or 4.2%, to settle at $98.48, the lowest finish since March 16.

Source: Marketwatch

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