Crude Oil Declines on Greece Worries

Crude oil futures ended lower on Monday as investors were uncertain over the Greece’s debt situation. In reaction to uncertainty over the Greece’s second bailout package the greenback strengthened further putting pressure on the commodities.

Crude oil futures for March delivery fell 1 percent or $0.93 to $96.91 per barrel on the New York Mercantile Exchange on Monday. On the other hand London’s Brent crude oil for March delivery gained 1.2 percent or $1.35 to settle at $115.93 per barrel on the ICE Futures Exchange. Investors took more positions in the Brent as cautious approach.

However other commodities moved in opposite direction of the crude oil and the gasoline futures for March delivery gained 0.5 percent or $0.01 to settle at $2.93 per gallon. Heating oil futures for the same month delivery jumped 1.8 percent or $0.06 to $3.17 per gallon.

Natural gas for the March delivery surged 2 percent or $0.05 to $2.55 per million British thermal units on NYMEX.

About



Most Popular Content

Currency Articles - Feb 26, 2026 22:28 - 0 Comments

Bitcoin Bounces Off The Lows But Is That The Bottom?

More In Currency Articles


Gold and Oil News - Aug 15, 2026 7:33 - 0 Comments

Seven PMs In Ten Years And FTSE Short Sellers Have Never Been Busier

More In Gold and Oil News


Shares and Markets - Jun 4, 2026 17:14 - 0 Comments

Wall Street Keeps Printing Records But Will It Turn?

More In Shares and Markets