
Oil prices edged higher on Monday, paring earlier losses, as traders expect the market to absorb another large output hike by OPEC+ in September, while worries about disruptions to Russian oil shipments to major importer India also provided support.
Brent crude futures climbed 11 cents, or 0.16 per cent, to $69.78 a barrel by 0647 GMT, and US West Texas Intermediate crude was at $67.52 a barrel, up 19 cents,