Oil Prices Settle Mixed on Monday

Oil prices showed a mixed performance at the beginning of the week, with rising COVID-19 cases in the US casting their shadow on US crude, while expectations of a global demand recovery helped Brent crude finish Monday on a higher note.

Global benchmark Brent crude oil futures for September delivery rose 30 cents on Monday to settle at $43.10 per barrel.

The benchmark US crude, West Texas Intermediate (WTI), futures for August delivery fell by 2 cents to $40.63 per barrel.