Oil futures edge lower in subdued trading

Oil prices were down slightly on Monday as traders start to position ahead of economic growth data from the eurozone due out this week.

On London’s ICE Futures, trading in the global crude benchmark Brent LCOV5, +0.44%   was down 0.55% at $49.06 a barrel for cargoes loading in October. Trade in WTI CLV5, -3.67%  was also extremely slow, with prices down 0.5% at $45.56 a barrel on the New York Mercantile Exchange.

Traders said volumes were subdued, with the U.S. market closed for the Labor Day holiday.

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