Crude-oil futures settled below $50 a barrel on Monday amid investor concerns about excess crude supply in U.S. markets, but cold weather and a refinery strike fed a 5% rally in heating-oil prices.On the New York Mercantile Exchange, crude for delivery in April CLJ5, +0.08% lost $1.36, or 2.7%, to settle at $49.45 a barrel. April Brent crude LCOJ5, +0.44% lost $1.32, or 2.2%, to end at $58.90 a barrel on London’s ICE Futures exchange.
No comments:
Post a Comment