Crude Oil Prices Start the Week a Touch Lower
Crude oil prices started the week on the back foot on Monday, but remained close to their best levels in months amid optimism that the crude market was well on its way towards rebalancing.
U.S. West Texas Intermediate (WTI) crude futures shed 11 cents, or around 0.2%, to $51.56 a barrel by 3:20AM ET (0720GMT), remaining within sight of a five-month high reached last week.
WTI prices gained around 2% last week to notch their fourth-straight weekly climb. It ended September with an increase of roughly 9.5% and saw quarterly rise of about 12%. Click Read More below for more of the story.