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Crude Futures Lose Ground

Stock quotes in this article: OIL , USO , OXY , HAL , EAS , BP , XOM , CVX  

Updated from 2:28 p.m. EST

Weekend statements that suggested Saudi Arabia wasn't overly concerned with the decline in oil prices put modest pressure on crude futures Monday.

Benchmark contracts for light, sweet crude closed down $1.41 at $54.01 a barrel on the New York Mercantile Exchange. The drop in oil led other energy contracts lower, as well.

Natural gas futures shed 26 cents to $6.92 per million British thermal units. Heating oil lost 4 cents at $1.55 a gallon, as did gasoline to $1.44 a gallon. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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