Crude settles lower as demand growth concerns in focus

摘要

Crude futures settled lower Monday, although remained within a wellworn range, pressured by continued global demand growth concerns. ICE front-month Brent settled at $62.18/b, down 33 cents, while NYMEX front-month crude settled at $56.86/b, down 38 cents. Fresh macroeconomic data released Monday was far from bullish. India's industrial production index came in at 123.3 for September, down 4.3% on the year, with most components showing declines, government data showed. The heavily-weighted manufacturing index was down 3.9% on the year, widening from August's 1.6% year-onyear contraction.