Oil settled down 22 cents at $81.22 a barrel on Friday, as upbeat U.S. employment data failed to convince investors that demand for energy would rise considerably in coming months, as a high interest rate environment and a slumping housing sector were expected to drag on growth.
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Oil Prices Extend Losses
Oil prices fell on Monday, extending the previous session's losses
Oil prices fell on Monday, extending the previous session's losses, on the U.S. economy slowdown after hurricane concerns in the Atlantic abated.
U.S. crude fell 36 cents to $80.86 a barrel in Globex electronic trading by 0108 GMT on the NYMEX.
Oil settled down 22 cents at $81.22 a barrel on Friday, as upbeat U.S. employment data failed to convince investors that demand for energy would rise considerably in coming months, as a high interest rate environment and a slumping housing sector were expected to drag on growth.
London Brent crude shed 26 cents to $78.64 on the ICE Futures.
Oil settled down 22 cents at $81.22 a barrel on Friday, as upbeat U.S. employment data failed to convince investors that demand for energy would rise considerably in coming months, as a high interest rate environment and a slumping housing sector were expected to drag on growth.
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