Fundamental Outlook of Crude Oil
Crude oil dropped to a 2-1/2 month low early on Monday, with markets uncertain on the outlook for demand as a shutdown of U.S. government operations seemed more likely.
Crude oil is trading lower on NYMEX today.
We expect prices to trade lower for the day on the prospect of a U.S. government shutdown that could crimp oil demand, while investors also eyed easing tensions in U.S.-Iran nuclear talks.
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