Skip to main content

MoneyWorks4Me

Crude oil futures end flat on Monday

13 Feb 2024 Evaluate

Crude oil futures ended flat on Monday amid demand concerns outweighed potential supply disruptions. The dollar's recovery from lower levels weighed as well on crude oil prices. Concerns about the outlook for oil demand from China amid a surge in electric vehicle sales there hurt oil prices. Meanwhile, there were concerns about possible disruptions in trade and crude supplies due to the U.S. and UK ramping up airstrikes against Houthi rebels in Yemen.

Benchmark crude oil futures for March delivery added $0.08 or about 0.10% to settle at $76.92 a barrel on the New York Mercantile Exchange. However, Brent crude for April delivery fell $0.19 or about 0.23% to $82 per barrel on London's Intercontinental Exchange.