COMMODITY
Crude oil futures end lower on Monday
Dec-24-2024

Crude oil futures ended lower on Monday on stronger dollar. Further, Uncertainty about the outlook for oil demand also contributed to the downside. The Organization of the Petroleum Exporting Countries and allies, collectively known as OPEC+, recently lowered its oil demand growth forecast. The volumes were thin ahead of upcoming Christmas holidays.

Benchmark crude oil futures for January delivery fell $0.26 or about 0.3 percent to settle at $69.20 a barrel on the New York Mercantile Exchange. Brent crude for February delivery dropped $0.31 or 0.42 percent to settle at $72.63 a barrel on London's Intercontinental Exchange.


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