Crude closes sub-$40/b as global equities plunge

摘要

New York—The oil complex weakened sharply during a volatile session Monday as the market came under renewed selling pressure from a downturn in global equities. NYMEX October crude settled down $2.21 at $38.24/barrel, up from its intraday low of $37.75/b, but the first front-month settle under $40 since February 2009.