: U.S. oil futures post biggest daily percentage decline in a week

U.S. oil futures fell by more than 1% on Monday, their largest daily decline in a week, according to Dow Jones Market Data. “Having come off the back of two weeks of gains, the same old concerns over weaker demand are serving to help cap gains,” said Michael Hewson, chief market analyst at CMC Markets UK. West Texas Intermediate crude for August delivery CLQ23 fell by 87 cents, or 1.2%, to settle at $72.99 a barrel on the New York Mercantile Exchange.

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