COMMODITY
Crude oil futures end lower on Monday
Apr-30-2024

Crude oil futures ended lower on Monday as worries about growth and outlook for oil demand amid rising possibility of the Federal Reserve delaying interest rate cuts, and ceasefire talks between Israel and Hamas weighed on the commodity's prices. U.S. Secretary of State Antony Blinken said that Israel must still do more to boost humanitarian aid to Gaza. He emphasized the need for a difficult cease-fire deal to alleviate the humanitarian crisis in Gaza.

Benchmark crude oil futures for June delivery fell $1.22 or 1.45% to settle at $82.63 a barrel on the New York Mercantile Exchange. Brent crude for June delivery dropped $1.1 or 1.22% to $88.4 per barrel on London's Intercontinental Exchange. 


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