Despite falling nearly $3 over the last five sessions, oil prices are still up 34 percent since the start of the year as searing oil demand growth coupled with refinery and production limitations stretched the supply chain.
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Crude Oil Fell After Calm Holiday Days
Oil prices fell slightly on Monday amid unusually mild weather
Oil prices fell slightly on Monday amid unusually mild weather in the United States, which has eased fuel demand.
U.S. light sweet crude slipped 78 cents to $43.40 a barrel in Monday morning?s European trade, surpassing last Friday's losses on London's IPE. London?s Brent crude futures fell 64 cents.
The New York Mercantile Exchange was shut last Friday, Dec. 24, while the IPE will be closed this Monday and Tuesday, keeping volumes thin.
Despite falling nearly $3 over the last five sessions, oil prices are still up 34 percent since the start of the year as searing oil demand growth coupled with refinery and production limitations stretched the supply chain.
Despite falling nearly $3 over the last five sessions, oil prices are still up 34 percent since the start of the year as searing oil demand growth coupled with refinery and production limitations stretched the supply chain.
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