London
Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and US producers began restoring output after Hurricane Delta. Brent crude fell 57 cents, or 1.3 percent, to $42.28 a barrel and US West Texas Intermediate was down 60 cents, or 1.5 percent, at $40.00. “It’s all about ending production disruptions … (which) are not helpful in a period with ongoing demand concerns,” said UBS oil analyst Giovanni Staunovo.—AN
