Crude futures drop on supply glut concerns

摘要

New York-Oil futures closed lower Monday as the perception of an already oversupplied market continued to drag prices lower. ICE December Brent settled down 30 cents at $85.83/b. NYMEX December crude ended the session 1 cent lower at $81.00/b. In refined products activity, front-month NYMEX ULSD closed 66 points lower at $2.4753/gal, while NYMEX December RBOB was 1.15 cents lower at $2.1702/gal.