Growing fears that U.S. tariffs on Canada, Mexico and China might slow economies and result in less demand for oil sent crude oil prices down 1% on Monday.
The losses represented the seventh consecutive weekly decline and the longest losing streak since November 2023 for WTI while Brent dropped for a third straight week.
West Texas Intermediate crude finished down $1.01 or 1.5% at $66.03 a barrel on the New York Mercantile Exchange.
Brent crude fell $1.08 or 1.5% and closed at $69.28 a barrel.
Natural gas prices scored anotoher gain—up 9 cents for an increase of $2.09 at $4.49 per MMBtu.
Oklahoma energy stocks were mostly in negative territory at the end of Monday’s trading, including StarDust Power with a 6% fall and Empire Petroleum down 4%.
11.25 USD+0.14