Crude-oil futures marked their lowest settlement in more than a week on Monday as President Donald Trump blamed OPEC for a recent resurgence in prices, calling for moderation.
April West Texas Intermediate crude fell $1.78, or 3.1%, to settle at $55.48 a barrel on the New York Mercantile Exchange. It had traded as high as $57.53 early Monday amid apparent progress on U.S.-China trade talks.
On Nymex Monday, March gasoline fell 4.1% to $1.545 a gallon and March heating oil eased by 2.8% to $1.974 a gallon. March natural gas which expires at Tuesday’s settlement, settled at $2.836 per million British thermal units, up 4.4%.