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NYMEX crude weaker in Asia with U.S. markets shut for holiday

© Reuters. NYMEX crude weaker in Asia - Crude oil prices eased in Asia on Monday and markets thin with a holiday ahead in the U.S. and Canada.

On the New York Mercantile Exchange, crude oil for delivery in October fell 0.73% at $45.72 a barrel.

Chinese stock markets were closed on Thursday and Friday for the World War Two Victory Day parade and will reopen Monday, while U.S. markets will be closed on Monday for the Labor Day holiday.

Last week, crude oil futures fell on Friday, as worries over the health of the global economy added to the concerns that a global supply glut may stick around for longer than anticipated.

On the ICE Futures Exchange in London, Brent for October delivery tumbled $1.07, or 2.11%, to close at $49.61 a barrel. For the week, London-traded Brent futures lost 44 cents, or 0.88%, amid fears of a...