Crude Retreats as Market Focuses on Forecast of Warmer Weather

摘要

Crude futures finished lower Monday, despite several bullish news events, as a forecast of warmer weather spurred some profit taking moves after several weeks of gains. February Nymex crude fell 23￠ to $82.52 per barrel after rising as high as $83.95 early in the day. February Brent performed simi- larly, ending down 40￠ at $80.97.