Oil prices were up on Monday, buoyed by hopes the U.S. government shutdown could end soon, per Reuters, boosting demand in the world’s top oil-consuming nation. Brent crude added 0.82% to $64.15 a barrel, while West Texas Intermediate climbed close to 1% to $60.31. This recovery helped stabilize sentiment after two back-to-back weeks of losses that were driven by oversupply fears.
USO ETF has suffered sharp volatility this year. Track its live prices.
