Oil prices rose on Monday, recouping some of their losses as investors focused on expectations of a lack of global supply and a last-minute agreement to avoid a US government shutdown, which restored their appetite for risk. Brent crude futures for December rose 18 cents, or 0.2 percent, to $92.38 a barrel, after falling 90 cents in Friday’s session.
Brent crude futures for November settled down seven cents to $95.31 a barrel when the contract expired on Friday. West Texas Intermediate crude futures rose 23 cents, or 0.3 percent, to $95.31 a barrel, after falling 92 cents on Friday.
Source (Al-Arabiya.net website, adapted)
