Oil futures finish lower as traders weigh risks to oil supplies

Oil futures finished lower on Monday after posting a sharp gain on Friday, as traders continued to monitor global risks to oil supplies in the wake of the Israel-Gaza war and reports that the U.S. may reach a deal with Venezuela to ease oil sanctions. November West Texas Intermediate crude
CLX23,
-0.92%
fell $1.03, or 1.2%, to settle at $86.66 a barrel on the New York Mercantile Exchange.