Oil continues to slidetonight. ATH and other oil plays moved higher thursday and friday on investor greed thinking oil was going higher.
Investing.com-- Oil prices retreated in early Asian trade on Monday, extending losses into a third session as markets awaited more progress in negotiations over the U.S. debt ceiling, while focus also remained on potential supply disruptions in North America.
Democrat and Republican lawmakers are set to resume negotiations over raising the spending limit later on Monday after negotiations failed to result in a deal over the past week. This also comes as Treasury Secretary Janet Yellen warned of a mid-June deadline for a U.S. default.