Oil Prices Decline as End of Norway Strike Looms

Oil prices declined on Monday as news circulated that a large strike in Norway will be ended and no longer affecting crude production capacities, however, losses were limited due to output disruptions resulting from Hurricane Delta.

Brent crude futures for December delivery decreased by 49 cents, or 1.1%, to finish at $42.85 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for November delivery fell by 59 cents, or 1.4%, to close at $40.60 per barrel.