Oil prices rebound following last week's heavy losses

NEW YORK, Oct. 5 (Xinhua) -- Oil prices rose on Monday, recouping some of the heavy losses they suffered in the prior week.

The West Texas Intermediate (WTI) for November delivery jumped 2.17 U.S. dollars to settle at 39.22 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 2.02 dollars to 41.29 dollars a barrel on the London ICE Futures Exchange.

The moves followed a setback on the oil market last week that saw WTI oil futures drop nearly 8 percent and Brent pull back more than 7 percent.

Crude prices found some support from reports that six Norwegian offshore oil and gas fields were shut as more workers joined a strike.

Traders also paid close attention to updates about U.S. President Donald Trump's health condition.

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