Crude oil futures made some recovery in the last session and ended modestly higher on Monday, after oil production platforms in the Gulf of Mexican began returning to service as Storm Nate had little impact on oil infrastructure while bullish comments from OPEC lifted sentiment. More than 90% percent of crude oil production capacity in the Gulf of Mexico was shut in, the Bureau of Safety and Environmental Enforcement said on Sunday. Trade for the day remained light as many of the traders were away from their desks in observation of Columbus Day in the U.S.

Benchmark crude oil futures for November delivery ended higher by $0.29 or 0.5 percent at $49.58 a barrel on the New York Mercantile Exchange. Brent crude for November delivery gained 22 cents to $55.84 a barrel on the ICE.

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