Oil Futures Recovery Losses and Finish Higher

Oil prices increased on Monday, recovering from losses earlier in the session, amid hoped for improved demand on the back of a new stimulus package, which is set to be approved by the US Congress soon.

The West Texas Intermediate (WTI) futures for September delivery settled higher by 31 cents at $41.60 per barrel.

Meanwhile, Brent crude futures rose by 7 cents to settle at $43.41 a barrel.