Three more downers for the list: "WTI crude futures fell below $97 per barrel on Monday as top US energy envoy Amos Hochstein indicated confidence that major producers in the Middle East have spare capacity and are likely to boost supplies following President Joe Biden’s visit to the region. Rising virus cases and the prospect of fresh lockdowns in top importer China also weighed on crude prices as the country reported 691 new Covid-19 cases for Saturday, with locally transmitted cases hitting the highest since May 23. Moreover, the newly-installed head of Libya’s National Oil Corp. said the country's oil output will resume from all shuttered fields and ports after meeting groups that have blockaded the facilities for months."
Three more downers for the list: "WTI crude futures fell below $97 per barrel on Monday as top US energy envoy Amos Hochstein indicated confidence that major producers in the Middle East have spare capacity and are likely to boost supplies following President Joe Biden’s visit to the region. Rising virus cases and the prospect of fresh lockdowns in top importer China also weighed on crude prices as the country reported 691 new Covid-19 cases for Saturday, with locally transmitted cases hitting the highest since May 23. Moreover, the newly-installed head of Libya’s National Oil Corp. said the country's oil output will resume from all shuttered fields and ports after meeting groups that have blockaded the facilities for months."