Oil Prices Slump

 

  • In commodities, oil prices fell more than 1% as pessimism about world growth stoked concerns over future crude demand.

 

  • S. West Texas Intermediate crude futures were down 70 cents, or about 1.3%, at $53.34 a barrel, while International Brent crude oil futures were at $61.87 per barrel, down 87 cents, or around 1.4%.

 

  • Weekly data on U.S. crude supplies from the American Petroleum Institute will be delayed to Wednesday, one day later than usual, due to Monday's holiday.

 

(Source: Investing.com