Oil prices edged down on Monday, but were still near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets further and support prices.
Brent crude futures slipped 10 cents, or 0.1%, to $86.14 a barrel by 0420 GMT, while U.S. West Texas Intermediate crude was at $82.73 a barrel, down 9 cents, or 0.1%.
Both contracts notched their sixth consecutive weekly gains last week, the longest winning streak since December 2021 to January 2022.
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