Oil futures fell on Monday, with global Brent prices settling under $100 a barrel for the first time since mid-March. Expectations for a decline in energy demand amid COVID-19 related shutdowns in China pressured prices, analysts said. West Texas Intermediate crude for May delivery fell $3.97, or 4%, to settle at $94.29 a barrel on the New York Mercantile Exchange, the lowest front-month contract finish since Feb. 25, FactSet data show. June Brent oil lost $4.30, or 4.2%, to settle at $98.48, the lowest finish since March 16.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
