Oil futures rose more than $1 in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker than expected U.S. jobs data on Friday.

Loose and bottled soybean oil have become costlier in Bangladesh due to price hikes in the global market amid a supply shortage of the key cooking ingredient, according to traders.

Oil futures jumped in Asian trading on Monday as a potential hurricane system approached the US Gulf Coast, and as markets recovered from a selloff following weaker-than-expected US jobs data on Friday.

Oil prices held at a 14-month low on Thursday as worries about demand in the U.S. and China and a likely rise in supplies out of Libya offset a big withdrawal from U.S. inventories and a delay to output increases by OPEC+ producers.

Delve into the factors driving the increase in oil prices. Discover why supply concerns aren't the only reason behind recent price movements.

Oil futures on Thursday found modest support after the Organization of the Petroleum Exporting Countries and its allies confirmed that they will extend voluntary production cuts to the end of the November.

U.S. oil futures settled lower Wednesday despite hopes that a group of major producers will continue limiting supply to offset demand growth concerns.At 19:30 EST (13:30 GMT), Crude Oil WTI Futures crude oil futures fell 1.

Investing.com - U.S. oil futures rose Wednesday on hopes that a group of major producers will continue limiting supply, in order to support the market weighed by demand growth concerns. At 07:55 EST (11:55 GMT),