New York—Crude futures fell sharply Monday, with front-month contracts settling at lows not seen since early 2009, as oversupply concerns were amplified after Goldman Sachs cut its 2015 oil price forecast. The ICE February Brent crude futures contract settled $2.68/b lower at $47.43/b, the lowest front-month Brent close since March 2009. Meanwhile, the discount for the February contract to August delivery increased 27 cents to $4.68/b.
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