Europe Asia News

Energy markets came under selling pressure in the first trading session of the week. Crude oil, Brent crude and natural gas prices all declined, while refined fuel products also posted losses.

U.S. West Texas Intermediate (WTI) crude fell 1.23 percent to $81.59. Brent crude, the global benchmark, declined 1.31 percent to trade at $87.20.

Natural gas prices also dropped 1.19 percent to $2.734, while the RBOB Gasoline futures contract fell 0.49 percent to $3.3109.

The ULSD Heating Oil contract, which represents diesel fuel, declined 0.18 percent to trade at $4.104.

Pricing in energy markets continues to be shaped by the global demand outlook, supply expectations and geopolitical developments. The pullback in oil prices reflects easing investor concerns over supply risks, while selling pressure also remained evident in the natural gas market.