Crude oil were mixed on Monday, erasing earlier gains as traders were still assessing the impact of Hurricane Nate on Gulf Coast refineries and amid hopes for further output cuts by the Organization of the Petroleum of Exporting Countries

The U.S. West Texas Intermediate crude November contract was up 9 cents or about 0.16% at $49.37 a barrel by 8:50 a.m. ET (12:50 GMT), hovering near Friday’s three-week lows of $49.10.

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Source: http://www.fxters.com/crude-oil-news-prices-mixed-choppy-trade/

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