Prices tumble more than $10/b as market share battle extends selloff

摘要

New York—Crude futures tumbled more than $10/b Monday as Saudi Arabia slashed official selling prices, extending a selloff that has largely been in place since late January. NYMEX front-month crude settled at $31.13/b, down $10.15 (25%), while ICE front-month Brent settled at $34.36/b, down $10.91 (24%).