Oil futures held their ground above $60 a barrel on Monday, but still marked their first fall in three sessions following an estimate showing strong May output from the Organization of the Petroleum Exporting Countries, ahead of the cartel’s meeting later this week.On the New York Mercantile Exchange, July crude CLN5, +0.05% settled at $60.20 a barrel, down 10 cents, or 0.2%, after falling to as low as $59.33 a barrel. July Brent crude on London’s ICE Futures exchange LCON5, -0.08% declined by 68 cents, or 1%, to $64.88 a barrel.
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