Oil prices settle at lowest level in nearly a week

MARKETWATCH | on Mon, Mar 20, 1:46 PM

Oil prices fell on Monday[1] to settle at their lowest level in almost a week. Data last week showing a climb in active U.S. oil rigs[2] raised concerns over rising U.S. production, while the removal of anti-protectionist language[3] in the Group of 20 policy statement fed uncertainty over global growth. April West Texas Intermediate crude CLJ7, +0.06%[4] lost 56 cents, or 1.2%, to settle at $48.22 a barrel--the lowest finish since March 14, according to FactSet data. References^ fell on Mond...

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