Diabytes
US crude prices News
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The market was still under pressure, though, from a bearish outlook by the International Energy Agency, which lowered its forecast for oil demand for 2018.
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US crude prices dipped in early Asian trading on Thursday as oil storage levels hit record highs, and Goldman Sachs said prices would remain low and volatile until the second half of the year.
Front month U.S. crude fell 28 cents to $60.49 a barrel by 0152 GMT. Brent futures were down 25 cents at $64.86 a barrel.
Alibaba jumped 7.5% as sales rose 45% to $2.81 billion in the quarter ending March 31.
Oil prices will reverse their recent gains as global crude inventories begin to increase again, with US crude likely to drop as far as $40 a barrel in the near-term, Goldman Sachs said.
Argentine stocks fell 6.07 percent in afternoon trading on Monday, hit by ongoing oil market turmoil that saw US crude prices dip below $50 a barrel for the first time since 2009.
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