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Oil futures finish with a modest climb as traders weigh the latest prospects for energy demand

Oil futures finished slightly higher on Monday (link), finding support after hefty losses last week. Traders, however, continued to weigh the prospects for energy demand on the back of the latest developments tied to the AstraZeneca COVID-19 vaccine and renewed lockdowns in Europe. On its expiration day, April West Texas Intermediate crude inched up by 13 cents, or 0.2%, to end at $61.55 a barrel on the New York Mercantile Exchange, after posting a drop of 6.4% last week. May WTI crude , which is now the front-month contract, tacked on 12 cents, or 0.2%, to settle at $61.56.

-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

03-22-21 1445ET

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