U.S. oil futures settle lower for a 4th straight session

Oil futures settled lower on Monday, giving up earlier gains to mark a fourth straight session loss. James Hatzigiannis, senior strategist at Long Leaf Trading Group, said he expects to see crude prices move up this week, and does not expect Iran and the U.S. to make any progress toward a nuclear agreement. “However, if negative reports come out this week on the U.S./China trade front, then you will see prices drop in crude oil,” he said. October West Texas Intermediate oil

CLV19, -0.76%

lost 53 cents, or 1%, to settle at $53.64 a barrel on the New York Mercantile Exchange.

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