Crude Oil Prices Start the Week on The Backfoot

Crude prices were a bit lower to start the week on Monday, as reduced expectations for an extension of OPEC-led output curbs combined with fears over rising U.S. output weighed on sentiment.

Brent crude futures, the benchmark for oil prices outside the U.S., shed 17 cents, or around 0.3%, to $62.55 a barrel by 3:25AM ET (0825GMT).

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