Oil Futures Post 2nd Loss In a Row On Fading Hope Of Production Freeze

By William L. WattsMarketWatch Pulse

Oil futures ended lower Monday, falling for a second consecutive session after Saudi Arabia late last week indicated it won't participate in a coordinated production freeze unless Iran changes course and agrees to take part. West Texas Intermediate oil for May delivery fell $1.09, or 3%, to end at $35.70 a barrel. The U.S. benchmark fell 4% on Friday.

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