Crude futures fall on increased Middle East supply

摘要

New York—Oil futures settled lower Monday, weighed down by increased exports from Iraq, Libya, and mixed global economic data. NYMEX July crude settled down 24 cents to $102.47/barrel and ICE July Brent settled 58 cents lower to $108.83/b. In products, NYMEX July ULSD settled 1.09 cents lower at $2.8773/gal and July RBOB was down 2.2 cents at $2.9499/gal. The front-month Brent-WTI spread settled at $6.36/b, down from $6.70/b Friday. The spread has been mostly confined to a $6-$7/ b range for the past two weeks.