U.S. oil futures barely budged on Monday, settling with a slight loss. "Everything is pretty well priced in at this stage and unless we see a significant change on the economic outlook or these new waves of coronavirus," said Craig Erlam, senior market analyst at Oanda. "We may have to wait to see what's agreed on the output side before we see any further big moves," he said. August West Texas Intermediate oil fell 2 cents, or 0.05%, to settle at $40.63 a barrel on the New York Mercantile Exchange.
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