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Oil prices declined on Monday.
The West Texas Intermediate for December delivery dropped 18 cents, or 0.3 percent, to settle at 59.91 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery lost 19 cents, or 0.3 percent, to settle at 64.20 dollars a barrel on the London ICE Futures Exchange.
Crude futures settle lower
Crude futures settle lower
Japan's economy shrank an annualized real 2.3 percent in the third quarter of 2025, revised government data showed on Monday, compared with an initially reported 1.8 percent drop.
The revised figure for gross domestic product (GDP) from the Cabinet Office marked the fastest contraction since the third quarter of 2023.
In the three months through September, real GDP, adjusted for inflation, contracted 0.6 percent on a quarter-on-quarter basis, compared with the preliminary reading of a 0.4 percent decline, data showed.
Private consumption, which accounts for more than half of the economy, inched up a revised 0.2 percent in July-September, compared with the initial estimate of 0.1 percent.
Among other key components, the capital expenditure, a barometer of private demand, fell 0.2 percent, lowered from the initial estimate of a 1.0 percent gain.
External demand, or exports minus imports, subtracted 0.2 percentage points from the GDP, unchanged from the preliminary reading.
Japan revises Q3 GDP contraction to 2.3 pct
