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Futures Movers: Oil settles lower as report renews U.S. shale-output worries

Oil prices finished with a loss on Monday, their first in six sessions, as expectations for a monthly rise in U.S. shale-oil production helped to push prices back in the wake of a more than 5% climb last week.

August West Texas Intermediate crude CLQ7, -0.04% shed 52 cents, or 1.1%, to settle at $46.02 a barrel on the New York Mercantile Exchange, after trading as high as $46.88 during the session. It had scored a gain of 5.2% last week. September Brent crude LCOU7, -1.10% on London’s ICE Futures exchange lost 49 cents, or 1%, to $48.42 a barrel.

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