MELBOURNE, May 4 (Reuters) - U.S. crude futures fell more
than 5% in early trade on Monday, paring last week's gains, on
worries about oil oversupply and tempered hopes for an economic
recovery as some U.S. states and cities around the world ease
coronavirus pandemic restrictions.
U.S. West Texas Intermediate (WTI) crude CLc1 futures fell
as low as $18.50 a barrel and last traded down 95 cents, or
4.8%, at $18.83. The benchmark contract rose 17% last week.