In the early morning of the 21st Beijing time, U.S. crude oil futures closed lower on Monday. Markets are paying close attention to risk factors such as financial risks, US negotiations to raise the federal debt ceiling, and the COVID-19 pandemic.
Edward Moya, senior market analyst at Oanda, said, “Financial risks make investors worry about the prospects for global economic growth.”
West Texas Intermediate (WTI) futures for October delivery on the New York Mercantile Exchange fell $1.68, or 2.3%, to close at $70.29 per barrel on Monday.