Futures Movers: Oil prices push lower on U.S. supply, and as investors cash in on recent gains

Crude futures fell Monday as investors booked profits after recent gains and continued upticks in U.S. production also fueled selling pressure.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in May CLM7, -0.76% traded at $52.71 a barrel, down $0.47, or 0.9%, in the Globex electronic session. June Brent crude LCOM7, -0.73% on London’s ICE Futures exchange fell $0.49, or 0.9%, to $55.40 a barrel.

Trading will likely be subdued Monday as several major markets in the region are closed due to the Easter holiday.

Analysts say buying was suppressed by data showing that U.S.

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