Oil prices settled down more than 1 percent on Monday, snapping two consecutive days of gains, on caution over galloping Middle East crude output and a firmer dollar boosted by speculation of a U.S. rate hike by year-end. A pledge by Nigerian rebels to end hostilities against their oil industry also appeared to pave the way for more crude exports from Africa's No. 1 producer, which experienced numerous pipeline blow-ups and other disruptions to output earlier this year. Key Middle East oil producer Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday.
ANKARA, Turkey (AP) — The U.S. on Monday urged Turkish troops and Kurdish forces in northern Syria to halt their fighting, saying it hinders efforts to defeat the Islamic State group. But Turkey's president vowed to press ahead with the military operation until the IS and Kurdish Syrian fighters no longer pose a security threat to Ankara.