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Futures Movers: Oil prices end lower as traders fret over Chinese demand, U.S. supply growth

Oil futures fell modestly Monday, weakening after a downbeat economic growth forecast for China raised concern about demand while signs of further growth in U.S. crude production contributed to worries about supply.

April West Texas Intermediate crude CLJ7, -0.23% fell 13 cents, or 0.2%, to settle at $53.20 a barrel on the New York Mercantile Exchange. The May contract for global crude benchmark Brent LCOK7, +0.18% however, tacked on 11 cents, or 0.2%, to $56.01 a barrel.

In a note, Germany’s Commerzbank said the mood from the National People’s Congress, which began in China on Sunday, was more muted than previous years.

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