Oil Futures Extend Losses To a Second Straight Session

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures fell on Monday for a second straight session. Traders continued to show concern that growth in U.S. crude production could potentially offset efforts by other major producers to rebalance global supply and demand. March West Texas Intermediate crude fell 54 cents, or 1%, to settle at $52.63 a barrel.

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