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Oil prices got off to a lackluster start on Monday, as rising U.S. crude production and expectations that OPEC members will raise supplies remained in focus.
U.S. West Texas Intermediate WTI crude was down 29 cents, or around 0.4%, at $65.47 a barrel at 3:35AM ET (0735GMT).
The U.S. benchmark logged a weekly loss of 0.1% last week, the third such decline in a row.
Underscoring worries over rising output, U.S. drillers added one oil rig last week, bringing the total count to 862, the highest number since March 2015, General Electric (NYSE:GE)’s Baker Hughes energy services firm said in its closely followed report on Friday.
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