Oil Prices Fell After Gulf Production Restored

Oil prices fell on Monday, as oil and gas producers in the Gulf of Mexico restored more output after a mild storm triggered evacuation and production cuts.

U.S crude for November delivery lost 46 cents to $81.16 a barrel by 0502 GMT to stand nearly $3 below the all-time high set by the October-month contract on Thursday.

London Brent crude fell 50 cents to $78.80 a barrel.