Oil futures began August wavering between modest gains and losses early Monday, with OPEC and its allies scheduled to relax curbs on output against a backdrop of nervousness over rising COVID-19 cases.
West Texas Intermediate crude for September delivery CL.1, 0.77% added 24 cents, or 0.6%, to $40.51 a barrel on the New York Mercantile Exchange, while October Brent crude BRN00, 0.41% picked up 26 cents, or 0.6%, to $43.80 a barrel. Both benchmarks have rebounded off their early lows on Monday.
