ForexSQ.com - Crude-oil futures turned lower Monday as investors gauged demand on the back of any potential developments in Asia on news of North Korea leader Kim Jong-il’s death, and as the chief of the European Central Bank played down its role in tackling the debt crisis.
The January contract for light, sweet crude-oil futures was down 32 cents, or 0.3%, to $93.21 a barrel on the New York Mercantile Exchange, a reversal after having earlier traded as high as $94.42.
Oil prices have already lost nearly 7% over the past three trading sessions.
