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Crude futures fell Brent 35 cents, or 0.3 percent, to $111.28 a barrel at 0016 GMT, having jumped 2.4 percent on Friday.
Similarly, crude futures contracts fell West Texas Intermediate 32 cents, or 0.3 percent, to $108.11 a barrel, after rising 2.5 percent on Friday.
While fears of a recession have weighed on the market over the past two weeks, supply concerns remain, preventing a sharp decline in prices.
She said Libyan National Oil Corporation Last week, Libya’s exports fell to between 365,000 barrels per day and 409,000 barrels per day, a decrease of about 865,000 barrels per day compared to normal levels.
And in another blow to supplies, it could lead to Planned strike by Norwegian oil and gas workers This week, it reduced the country’s production of oil and condensate by 130 thousand barrels per day.
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Crude futures fell Brent 35 cents, or 0.3 percent, to $111.28 a barrel at 0016 GMT, having jumped 2.4 percent on Friday.
Similarly, crude futures contracts fell West Texas Intermediate 32 cents, or 0.3 percent, to $108.11 a barrel, after rising 2.5 percent on Friday.
While fears of a recession have weighed on the market over the past two weeks, supply concerns remain, preventing a sharp decline in prices.
She said Libyan National Oil Corporation Last week, Libya’s exports fell to between 365,000 barrels per day and 409,000 barrels per day, a decrease of about 865,000 barrels per day compared to normal levels.
And in another blow to supplies, it could lead to Planned strike by Norwegian oil and gas workers This week, it reduced the country’s production of oil and condensate by 130 thousand barrels per day.