U.S. oil futures settle at a more than 3-week low

Oil futures finished lower on Monday, with U.S. prices at their lowest in more than three weeks. While the ongoing conflict between Israel and Hamas “will keep traders on their toes, they are also wary of the fact that so far, other oil-producing, Middle East countries have stayed away from getting dragged into the conflict,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. December West Texas Intermediate crude
CLZ23,
+0.56%
fell $3.23, or 3.8%, to settle at $82.31 a barrel on the New York Mercantile Exchange. Prices for the front-month contract ended at their lowest since Oct. 5, according to Dow Jones Market Data.