MW: Oil falls as bank shares lead U.S. stocks lower
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Crude-oil futures turned lower Monday, tracking losses in Brent crude on the heels of an apparent regime change in Libya. Oil was also pressured by a turn lower in U.S. stocks. September crude CL1U -0.26% lost 21 cents to $82.05 a barrel on the New York Mercantile Exchange, reversing course after trading as high as $84.26 earlier. The contract expires at the end of the session and October crude CL1V -0.41% , which was currently down 20 cents at $82.22, will become the front month. \"Investment money should continue to flow toward gold and out of crude, particularly if Libyan supplies become available again to Europe,\" said Darin Newsom, senior analyst at Telvent DTN.
