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Crude oil slumped as Wall Street opened with large losses due to disappointing corporate results. Meanwhile, oil investors were waiting for a release of the US supply report due on Wednesday.
Brent oil fell less than crude oil as the commodity continued to draw strength from increased tensions in the Middle East.
Natural gas was the only gainer amid dip buying after recent sell-off. Market players remained focused at US weather forecasts and US inventories. The US inventory report is scheduled for Thursday.
Heating oil dropped, moving in sync with crude and Brent oil. Traders were cautious ahead of the US stockpiles data due on Wednesday.