Oil futures put supply worries aside Monday, with the U.S. benchmark ending a three-day losing streak as commodities enjoyed a respite in the dollar rally and gasoline futures jumped due to a refinery outage.West Texas Intermediate crude futures for September delivery on Nymex CLU5, -0.87% rose $1.09, or 2.5%, to close at $44.96 a barrel. Earlier on Monday, the contract dropped as far as 43.35, dropping below a six-year settlement low set in March, and had looked on pace to add to its losses from last week, when it fell 6.9%.
Meanwhile, September Brent crude LCOU5, -0.75% also showed spark, rising $1.80, or 3.7%, to $50.41 a barrel.
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