West TX Oil Back Below $58

U.S. crude oil futures dipped from 2015 highs and towards $59 a barrel in early Monday trading, after posting the biggest monthly gain in six years in April.

U.S. crude for June delivery was down 10 cents at $59.05 a barrel by 0000 GMT. In April, the contract rose by a quarter, the best monthly gain since May 2009, and late last week hit a 2015-high of $59.90.

Benchmark Brent crude futures were down 4 cents at $66.42 a barrel.  Trading activity was expected to be low on Monday as London, Europe’s main oil dealing hub, is closed due to a public holiday.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.