Crude-oil futures were volatile in Asian trade Monday after last week’s gains as investors weighed a further drop in rig counts in the U.S. and weak Chinese trade data.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in March CLH5, +0.39% traded at $51.99 a barrel, up $0.30 in the Globex electronic session. March Brent crude LCOH5, -0.28% on London’s ICE Futures exchange rose $0.10 to $57.90 a barrel.
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