Crude oil slips on concerns over US tax plans

International benchmarks for crude oil settled lower on Monday, 15 March 2021, shedding the initial gains on positive Chinese economic data. The US government has approved the stimulus package, but considering tax increases on corporations, high earners, and fuel that could crimp oil demand. 

Brent closed at $68.88/barrel, down $0.34/barrel or 0.49%. 

WTI closed at $65.39/barrel, down $0.22/barrel or 0.34%.