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Oil Market Update
Crude-oil futures slipped further in Asian trade Monday and traded near five-year lows, pressured by a strong U.S. dollar and generally bearish market sentiment.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -1.08% traded at $65.09 a barrel at last check, down $0.75 in the Globex electronic session. January Brent crude on London’s ICE Futures exchange LCOF5, -1.43% fell $0.86 to $68.21 a barrel.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -1.08% traded at $65.09 a barrel at last check, down $0.75 in the Globex electronic session. January Brent crude on London’s ICE Futures exchange LCOF5, -1.43% fell $0.86 to $68.21 a barrel.
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