U.S. crude oil futures dipped from 2015 highs and towards $59 a barrel in early Monday trading, after posting the biggest monthly gain in six years in April.
U.S. crude for June delivery was down 10 cents at $59.05 a barrel by 0000 GMT. In April, the contract rose by a quarter, the best monthly gain since May 2009, and late last week hit a 2015-high of $59.90.
Benchmark Brent crude futures were down 4 cents at $66.42 a barrel. Trading activity was expected to be low on Monday as London, Europe’s main oil dealing hub, is closed due to a public holiday.