Oil nears one-month low, volatile equities keep investors jittery
Oil prices neared their lowest in a month on Monday as rising U.S. output and a weaker physical market added to the pressure from a widespread decline across equities and commodities. Brent crude futures (LCOc1) were down 90 cents at $67.68 a barrel by 1230 GMT, while U.S. West Texas Intermediate (WTI) crude (CLc1) dropped 61 cents to $64.84. “Oil is caught up in this general risk-off move, not helped at the margins by a little bit of strength in the U.S. dollar,” said Ric Spooner, chief market analyst at CMC Markets in Sydney.
Source:: https://finance.yahoo.com/news/oil-prices-fall-strong-dollar-005437441.html
