LONDON (SHARECAST) - All US futures exchanges trading floor session were closed on Monday for Presidents' Day.
China's markets are closed this week for the Lunar New Year holiday.
On Friday US light crude oil for March delivery fell $1.15 to settle at $74.13 a barrel on the New York Mercantile Exchange.
China’s surprise move to increase the reserve requirement for banks sparked fresh concern about the global economic recovery and triggered strong gains for the dollar.
In early electronic trading on Monday US crude remained close to $74 after stronger-than-expected Japanese growth data soothed fears about weak oil demand as China cools its economy.
On Friday gold for April delivery settled 41 cents lower at $1,090 an ounce at the New York Mercantile Exchange.
