: Oil prices settle higher after 3 consecutive weekly losses

Oil futures settled with a gain on Monday, extend their advance into a third session in a row, after posting losses in each of the last three weeks. In a note dated Sunday, analysts at Goldman Sachs said they “continue to believe that robust demand, slowing U.S. supply growth, and low OPEC supply together imply a modest 2024 deficit, and gently declining inventories.” December West Texas Intermediate crude CLZ23 rose $1.09, or 1.4%, to settle at $78.26 a barrel on the New York Mercantile Exchange.

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