By Claudia Assis, MarketWatch SAN FRANCISCO (MarketWatch) — Crude-oil futures traded lower Monday after Germany dampened the mood saying an upcoming euro-zone meeting won’t arrive at a silver bullet for the crisis and U.S. stocks opened lower. Futures added to losses after the Federal Reserve reported on industrial production, showing a rise for September above expectations but revising its August number to zero growth. Crude for November delivery CL1Z -0.47% retreated 83 cents, or 0.9%, to $86 a barrel on the New York Mercantile Exchange, with losses gathering speed as U.S. stocks were lower out of the gate. A spokesman for German Chancellor Angela Merkel warned investors that European leaders meeting Sunday at a summit are unlikely arrive at a comprehensive, once-and-for-all resolution for the region’s sovereign-debt crisis. Read more about Europe. Investors had gotten their hopes up this weekend after a meeting of the Group of 20 most developed nations, where global leaders reiterated the importance of staving off the euro-zone crisis. U.S. stocks opened lower on the news. Equities are seen as a barometer of economic conditions and as such also a harbinger of demand for oil. See how stocks are doing. U.S. industrial production data did not help matters, and oil futures added to losses earlier. The Fed said industrial production rose 0.2% in September, compared to expectations of a 0.1% rise. The better-than-expected result was eclipsed by news August industrial production had been revised down to zero from an initially reported 0.2%. Read more about industrial production. Other energy products followed oil lower, with November gasoline futures RB1Z -0.79% down 4 cents, or 1.4%, to $2.79 per gallon. November heating oil HO1X -0.52% declined 2 cents, or 0.8%, to $3.03 a gallon.

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