U.S. crude futures edged up on Monday to hold above $81 a barrel, following a four-week slide that has pulled prices down by nearly 10 percent amid abundant supply amid and weak demand.
NYMEX crude for December delivery was up 10 cents at $81.11 a barrel by 2314 GMT, after settling down $1.08 on Friday following a spike up on Thursday on news that Saudi Arabia had boosted production but cut supplies to the market in September.
London Brent crude for December delivery was down 13 cents at $86.00 a barrel, after settling down 70 cents. The front-month contract has recovered some lost ground after dropping to less than $83 a barrel on Oct. 16, its lowest in almost four years.
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