Investor Alert

Sept. 28, 2020, 2:58 p.m. EDT

Oil futures end higher, even as demand concerns grow

Oil futures ended higher on Monday on the heels of last week's loss, finding some support as a possible oil workers' strike in Norway may lead to lower production, analysts said. Oil firms in Norway plan to close down 22% of the nation's oil and gas output if workers go on strike on Wednesday, Reuters reported Friday . Price gains for oil, however, were modest as traders continued to fret over the rise in global cases of COVID-19 and outlook for energy demand. November West Texas Intermediate crude rose 35 cents, or 0.9%, to settle at $40.60 a barrel on the New York Mercantile Exchange.

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