COMMODITY
Crude oil futures end sharply lower on concerns about outlook for energy demand
Sep-21-2021

Crude oil futures settled sharply lower on Monday as worries about a likely slowdown in global economic growth raised concerns about the outlook for energy demand. A stronger dollar too weighed on oil prices. The dollar climbed to a one-month high as rising risk aversion amid pending catastrophe at developer China Evergrande Group weighed on equity markets.

Benchmark Crude oil futures October delivery fell $1.68 or 2.3 percent to settle at $70.29 barrel on the New York Mercantile Exchange. Brent crude for November delivery dropped $1.42 or 1.9 percent to settle at $73.92 a barrel on London's Intercontinental Exchange.

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