Crude oil futures end marginally lower on Monday

Crude oil futures ended marginally lower on Monday on concerns over the outlook for energy demand after data showed another drop in Chinese exports and on uncertainty about the US and China signing a phase one deal before the commencement of the next round of tariff hikes. 

Besides, traders remained on sidelines ahead of the Federal Reserve's monetary policy statement, due on Wednesday. Traders were also looking ahead to the first policy meeting of new ECB President Christine Lagarde.

Benchmark crude oil futures for January declined 18 cents or 0.3 percent to settle at $59.02 a barrel on the New York Mercantile Exchange. January Brent dropped 14 cents or 0.2 percent to settle at $64.25 a barrel on London's Intercontinental Exchange.

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