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Futures Movers: Oil prices bounce to start the week after worst day in three years

U.S. oil prices were clawing back gains Monday, after last week saw the worst one-day loss for the futures contract in roughly three years, as investors grappled with supply issues ahead of an OPEC meeting.

January West Texas Intermediate crude CLF9, +1.63% rose 60 cents, or 1.2%, to $51.02 a barrel. In a holiday-shortened session on Friday, the contract plunged 7.7% to settle at $50.42, marking the worst session since July 6, 2015 and the lowest settlement since Oct. 9, 2017, according to Dow Jones Market Data. It also marked the seventh-straight weekly drop — a fall of 10.6%.

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