Oil Market Update

Crude-oil futures kicked off a new weak of trading on a slightly downbeat note on Monday, on the heels of losses last week due to a stronger dollar and rising U.S. oil supplies.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in April CLJ5, -0.02%  traded flat at $49.61 a barrel in the Globex electronic session. Brent crude for April delivery LCOJ5, -0.50%  on London's ICE Futures exchange fell $0.25 to $59.48 a barrel.