Crude oil accelerates losses, trades below $70

Losses mounted for crude-oil futures as the most-active contract traded below $70 a barrel Monday, a five-month low. Crude oil for June delivery declined $1.75, or 2.4%, to $69.82 a barrel on the New York Mercantile Exchange. In addition to ongoing worries about the global demand for oil, crude futures battled the headwinds of a rising dollar.