Crude oil prices settled sharply lower in futures market on Monday, as expectations for a monthly rise in U.S. shale-oil production helped to push prices back in the wake of a more than 5% climb last week.
Light sweet crude oil (WTI) futures lost 0.52 dollar or 1.12 percent to close at USD 46.02 a barrel at the New York-based commodity exchange NYMEX.
Brent crude oil futures lost 0.49 dollar or 1 percent to close at USD 48.42 a barrel at NYMEX. WTI-Brent spread was stable on Jul-2017.
Natural gas futures remained flat at 3.020 a gallon at the NYMEX. RBOB gasoline futures remained flat at 1.557 a gallon at the NYMEX.
In refined products, RBOB heating oil futures remained flat at 1.500 a gallon at the NYMEX.