Brent crude futures fell US31 cents to settle at $42.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 5 cents to settle at $40.83 a barrel
NEW YORK: Oil edged lower on Monday, weighed by concerns over surging coronavirus cases globally and by Libya's plan to boost output, but hopes for a U.S. fiscal package lent some support.
Analysts also focused on an OPEC+ ministerial monitoring committee meeting on Monday. Russian Energy Minister Alexander Novak said the committee recommended sticking in full to the group's global deal to reduce oil production.
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