Futures Movers: Oil prices end lower, pulling back after 6th straight weekly rise

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Oil futures ended lower Monday, pulling back from nearly four-month highs, as traders looked for a catalyst for further gains.

Price action

Market drivers

Oil ended last week on a strong note, finishing Friday at the highest since mid-April and logging a sixth straight weekly decline. Crude was boosted last week as Saudi Arabia extended a production cut of 1 million barrels a day that took effect in July through the end of September.

Expectations…