Oil futures fell Monday, feeling pressure after a weak reading on China factory activity and a widening of COVID-19 curbs by the country, but still marked their first monthly gain since May. Previously beaten-down natural-gas futures, meanwhile, rallied by nearly 12% to significantly pare their loss for the month.
West Texas Intermediate crude for December delivery
fell $1.37, or 1.6%, to settle at $86.53 a barrel on the New York Mercantile Exchange. The front-month contract ended October with a gain of 8.9%, following four straight monthly declines, according to Dow Jones Market Data.
December Brent crude
the global benchmark, was down 94 cents, or 1%, at $94.83 a barrel on ICE Futures Europe. On its expiration day, the contract tallied a 7.8% monthly rise. January Brent
the most actively traded contract, declined 96 cents, or 1%, to $92.81 a barrel.
Back on Nymex, December natural gas
surged 11.8% to $6.355 per million British thermal units, cutting its October loss to 6.1%.
fell 3.3% …