The West Texas Intermediate (WTI) for October delivery shed 1.8 U.S. dollars to settle at 39.31 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery decreased 1.71 dollars to 41.44 dollars a barrel on the London ICE Futures Exchange.
"This is likely due to profit-taking after Brent and WTI chalked up their biggest weekly gains since early June," Carsten Fritsch, energy analyst at Commerzbank Research, said in a note Monday.
For the week ending Friday, WTI crude futures jumped 10.1 percent while Brent increased 8.3 percent.
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