Oil futures gain as Gulf of Mexico storms lead to energy output reductions

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Oil futures settled higher on Monday, getting a boost from reductions to crude and natural-gas output in the Gulf of Mexico due to storms in the region. October West Texas Intermediate oil rose 28 cents, or 0.7%, to settle at $42.62 a barrel on the New York Mercantile Exchange. That marked the first increase for a front-month contract in three sessions, according to FactSet data.
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