Oil Futures End Lower As Wildfire Threats Downplayed

By MarketWatch Markets MarketWatch Pulse

Oil futures ended lower Monday, with analysts tying weakness to uncertainty over Saudi oil policy after the country replaced its oil minister and decreased worries about the impact of wildfires on Canadian oil output. Crude oil for June delivery on the New York Mercantile Exchange fell $1.22, or 2.7%, to end at $43.44 a barrel.

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