Oil prices rose on Monday as a tropical storm in the Gulf of Mexico forced companies to evacuate rigs and halt production, but gains were kept in check by wider concerns about excess supply and falling fuel demand.
U.S. West Texas Intermediate (WTI) crude futures (CLc1) were up 18 cents, or 0.5%, at $37.51 a barrel by around 0514 GMT. Brent crude (LCOc1) gained 9 cents, or 0.2%, to $39.92 a barrel.
Both contracts ended last week lower, falling for a second week in a row.
Tropical Storm Sally gained in strength in the Gulf of Mexico west of Florida on Sunday and was poised to become a category 2 hurricane.
Miss Call Whatsapp Khushbu Garg-9719098555/7505478627
wa.me/919719098555