News Snapshot:
Oil futures fell Monday, eyeing a their third session loss in a row, as Beijing moved to contain a renewed rise in COVID-19 cases and global equities tumbled as shockwaves from last week’s hotter-than-expected U.S. consumer-price index reading continued to ripple through financial markets.Price action West Texas Intermediate crude for July delivery CL.1, +0.47% CL00, +0.47% CLN22, +0.47% fell $2.80, or 2.3%, to $117.87 a barrel on the New York Mercantile Exchange after ending lower on Thursday and Friday. August Brent crude BRN00, +0.49% BRNQ22, +0.49%, the global benchmark, declined $2.66, or 2.2%, to $119.35 a barrel on ICE Futures...
