Oil futures settled higher on Monday, getting a boost from reductions to crude and natural-gas output in the Gulf of Mexico due to storms in the region.
October West Texas Intermediate oil rose 28 cents, or 0.7%, to settle at $42.62 a barrel on the New York Mercantile Exchange. That marked the first increase for a front-month contract in three sessions, according to FactSet data reported MarketWatch.
Global benchmark November Brent Crude rose 78 cents for a 1.76% gain to settle at $45.04 on the ICE Futures Europe.
