Brent crude settled down US22 cents, or 0.6%, at $39.61 a barrel while U.S. West Texas Intermediate (WTI) crude futures were down 7 cents, or 0.2%, at $37.26 a barrel. Both contracts ended last week lower, falling for a second week in a row.
NEW YORK: Oil prices slipped slightly on Monday amid concerns about a stalled global economic recovery and with Libya poised to resume production, and failed to get support from an impending storm which has disrupted U.S. output.
Brent crude settled down US22 cents, or 0.6%, at $39.61 a barrel while U.S. West Texas Intermediate (WTI) crude futures were down 7 cents, or 0.2%, at $37.26 a barrel.
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