While Monday was the Labor Day holiday, crude oil prices ended higher and managed to recover some, but not all, of the losses from late last week.
The fact Libyan oil exports remained halted was responsible for the slight gain. Plus, there was a reported easing of concerns about higher OPEC+ production in October. The trading volumes were light because of the holiday in the US markets.
West Texas Intermediate crude rose 49 cents or 0.7% to close at $74.04 a barrel.
Brent crude went up 59 cents or 0.8% and finished at $77.52 a barrel.
Oil prices edged higher on Monday, recovering some losses from late last week, as Libyan oil exports remained halted and concerns about higher OPEC+ production from October eased.
U.S. West Texas Intermediate crude rose 49 cents, or 0.7%, to $74.04 by 1924 GMT. Brent crude futures settled up 59 cents, or 0.8%, at $77.52 a barrel. Trading volumes were light as Monday marked a public holiday in the U.S. market.
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