Oil Market Update

Crude-oil futures were under pressure in Asian trade Monday from a stronger U.S. dollar and weak Chinese manufacturing data. Saudi Arabia’s upcoming December price announcements will likely set the tone for markets this week.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ4, -0.52%  traded at $80.23 a barrel, down $0.31 in the Globex electronic session. December Brent crude LCOZ4, -0.63%  on London’s ICE Futures exchange fell $0.17 to $85.69 a barrel.