Crude oil futures fall below $89 a barrel

Crude oil futures fall below $89 a barrel : Crude-oil futures edged lower Monday, as traders kept an eye on the uncertain political situation in Egypt. Crude oil for March delivery fell 47 cents to $88.56 a barrel in electronic trading on Globex.

The contract earlier hit an intraday high of $89.54 a barrel.

The decline comes in the wake of continued uncertainty over a leadership change in Egypt. Over the weekend, Egypt’s regime met for the first time with representatives of the banned Muslim Brotherhood.

Meanwhile, European equities rose on optimism about an economic rebound, and U.S. stock futures pointed to a higher opening on Wall Street For the latest updates PRESS CTR + D or visit Stock Market news Today

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