COMMODITY
Crude oil futures end lower on Monday
Apr-23-2024

Crude oil futures ended lower on Monday as Middle East tensions appeared to ease. Oil prices fell amid easing concerns about supply disruptions after Israel’s retaliation last week to Iran's attack earlier in the month caused did not cause any big damage to oil facilities. Further, Concerns about the outlook for global oil demand, and the recent data showing a sharp jump in U.S. crude inventories weighed as well on oil prices. 

Benchmark crude oil futures for May delivery fell $0.29 or 0.34% to settle at $82.85 a barrel on the New York Mercantile Exchange. Brent crude for June delivery declined $0. 29 or 0.3% to $87 per barrel on London's Intercontinental Exchange.


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