NYMEX crude falls as refiners begin turnarounds

摘要

New York—Prompt NYMEX crude fell further Monday, closing at its lowest level since mid-February 2009. The recent downswing has analysts speculating on how much further prompt crude has to fall. NYMEX September crude settled down 63 cents at $41.87/b on lingering oversupply concerns, which have been heightened as major refineries in the Gulf Coast and Midwest regions enter a seasonal scheduled maintenance cycle.