London Brent Crude eased 2 cents at $113.90.
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Oil Stable Above $114 Despite Rising Dollar
Oil steadied above $114 a barrel on Monday
Oil steadied above $114 a barrel on Monday, pausing from previous session's 5.4 percent decline, despite a rising dollar and diminishing supply concerns as Tropical Storm Fay crossed over land.
U.S. light crude for October delivery rose 9 cents to $114.68 a barrel by 0528 GMT. The contract fell $6.59, or 5.4 percent, to settle at $114.59 a barrel on Friday -- the biggest one-day fall in percentage terms since December 27, 2004.
London Brent Crude eased 2 cents at $113.90.
London Brent Crude eased 2 cents at $113.90.
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