Oil slightly lower as growth concerns linger

Oil futures are trading modestly lower in the early part of Monday’s Asian session as traders look for signs about crude’s next move following a savage tumble last week.

On the New York Mercantile Exchange, light, sweet crude futures for June delivery inched lower by 0.05% to USD88.22 per barrel in Asian trading Monday. That comes after oil slid 3.15% last week, good for the third straight weekly decline. Continue Reading...