Crude oil futures ended unchanged on Monday as prices fell sharply from the day's high during the fag end of the session, with traders weighing global energy demand and supply positions. Oil prices rose higher early on in the session, and US oil contract hit multi-year high, lifted by tight global supply and surging demand for oil in several countries across the world. Oil prices also found support as the OPEC+ alliance sticks to an existing pact for a gradual increase in oil output.
Benchmark crude oil futures for December delivery settled unchanged at $83.76 a barrel on the New York Mercantile Exchange. However, Brent crude for December delivery gained 46 cents or 0.5 percent to settle at $85.99 a barrel on London's Intercontinental Exchange.