New York—NYMEX January crude settled 15 cents lower at $41.75/b Monday as bearish fundamentals ultimately outweighed a slight short-covering rally that had kept much of the complex in the black throughout the day. ICE January Brent settled 17 cents higher at $44.83/b. Products closed up as well, with NYMEX December RBOB settling 2.31 cents higher at $1.3134/gal and December ULSD settling 30 points higher at $1.3743/gal.
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