Tokyo, Oct. 2 (BNA): Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored risk appetite.
Brent December crude futures rose 25 cents, or 0.3%, to $92.45 a barrel by 0415 GMT after falling 90 cents on Friday, Reuters reported.
Brent November futures settled down 7 cents at $95.31 a barrel at the contract’s expiry on Friday.
U.S. West Texas Intermediate crude futures gained 29 cents, or 0.3%, to $91.08 a barrel, after losing 92 cents on Friday.
#Oil #prices #climb #risk #appetite #grows #focus #returns #supply #outlook