Fog, and 31 ° F. 
NEW YORK (DTN) — New York Mercantile Exchange oil futures were mixed at the start of regular trade Monday morning following mixed U.S. data detailing consumer spending rose more-than-expected in July while incomes came in below expectations. The oil contracts have since extended to the downside.
At the 9:00 AM ET opening bell, October NYMEX WTI crude futures were down 41cts to $74.76 after trading to a pre-market low of $74.57.
Technically, support is seen near $69.50 to $71.00 after the spot-month crude contract bounced off Aug. 25′s 11-week low on its spot continuation chart at $70.76.
In products trade, September NYMEX No. 2 heating oil futures dipped 0.42cts to $2.0401 gal after trading to a pre-market low of $2.0314, with initial support seen near $1.9855 to $1.9865.
September NYMEX RBOB gasoline futures were up 0.13cts to $1.9492 gal after bouncing off a pre-market low of $1.9384. Support remains near
$1.8845 to $1.8860, with resistance pegged near $1.9715 on their spot continuation chart.
Peter Beutel, president of Cameron Hanover, said RBOB futures should move higher within an extended trading range.
Oil prices were under pressure in overnight trade as traders booked profits on concerns about slowing U.S. economic growth and growing U.S. oil inventories.
On Wall Street, stock futures were lower, adding pressure on oil prices.
The dollar index was turned higher after being lower in overnight trade. A stronger dollar makes oil less attractive to investors.
