West TX Oil Steady Above $92 Before Contract Expiry

U.S. crude futures steadied above $92 a barrel on Monday ahead of the contract’s expiry after losses in the prior session fueled by ample supplies and the dollar’s strength.

U.S. crude for October delivery, which expires later on Monday, was off 4 cents at $92.37 a barrel by 0016 GMT. The November contract was down 10 cents at $91.55.

The front-month West Texas Intermediate crude slipped 66 cents on Friday, which traders attributed to the liquidation of some long positions ahead of Monday’s expiry.

CNBC

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