Crude oil futures ended slightly higher on Monday as investors shifted their focus towards upcoming meeting between the presidents of the US and Russia in Alaska this Friday. Besides, traders awaits for OPEC monthly report that could shed significant light on crude oil supply and demand position which is due to be released tomorrow. As OPEC+ restores output faster than planned, unwinding 2023 cuts, so far this year, oil prices are down over 10%.
Benchmark crude oil futures for September gained $0.08 or 0.13% at $63.96 a barrel on the New York Mercantile Exchange. Brent crude for October delivery rose $0.04 or 0.06% to settle at $66.63 a barrel on London's Intercontinental Exchange.