COMMODITY
Crude oil futures drop amid demand concerns
Mar-11-2025

Crude oil futures ended lower on Monday, as worries about global economic growth and fears of a U.S. recession fueled demand concerns. Rising output from OPEC+, and continued uncertainty about U.S. tariffs weighed as well on oil prices. Meanwhile, data showing a larger than expected drop in China's exports and an unexpected sharp decline in imports, has raised concerns about the outlook for oil demand from the world's second largest economy. 

Benchmark crude oil futures for April decreased $1.01 or about 1.5% at $66.03 a barrel on the New York Mercantile Exchange. Brent crude for May delivery decreased $1.17 or 1.66% to settle at $69.19 a barrel on London's Intercontinental Exchange.


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