Crude oil futures ended sharply lower on Monday amid easing concerns about supply disruptions from the Middle East region. Although Israeli troops have entered the Gaza Strip for the first time in nearly two decades, it's unclear whether the maneuvers mark the official start of an invasion. Meanwhile, investors chose to wait for the Federal Reserve's monetary policy announcement, due on Wednesday, and the non-farm payroll data for the month of October, due on Friday.
Benchmark crude oil futures for December delivery fell $3.23 or 3.8 percent to settle at $82.31 a barrel on the New York Mercantile Exchange. Brent crude for December delivery lost $3.03 or 3.4 percent to settle at $87.45 a barrel on London's Intercontinental Exchange.