Crude oil futures ended deeply lower on Monday on concerns about economic growth and worries about outlook for energy demand. Data showing a contraction in Chinese manufacturing activity and a potential interest rate hike by the Federal Reserve weighed as well. Data released by the National Bureau of Statistics over the weekend showed the Purchasing Managers' Index (PMI) for China's manufacturing sector came in at 49.2 in April, down from 51.9 in March. The Federal Reserve, scheduled to announce its monetary policy on Wednesday, is widely expected to raise interest rate by 25 basis points.
Benchmark crude oil futures for June delivery fell $1.12 or 1.5 percent to settle at $75.66 a barrel on the New York Mercantile Exchange. Brent crude for July delivery dropped $1.02 or 1.3 percent to settle at $79.31 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: