Oil rig and pump of H&P Rig 488 in Stanton, Texas, on June 8, 2023.
Oil prices climbed on Monday, reversing some of Friday's losses, as investors focused on a tight global supply outlook and a last-minute deal that avoided a U.S. government shutdown restored their risk appetite.
Brent December crude futures rose 18 cents, or 0.2%, to $92.38 a barrel by 0037 GMT after falling 90 cents on Friday.
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 23 cents, or 0.3%, to $91.02 a barrel, after losing 92 cents on Friday.
Persons:
Brent, Hiroyuki Kikukawa, Kevin McCarthy, Baker Hughes
Organizations:
. West Texas, of, Petroleum, NS, Nissan Securities, Republican, Reuters
Locations:
Stanton , Texas, U.S, Saudi Arabia, Russia, OPEC