WTI crude down 1.2% to start the week
The two main bits of weekend oil news:
- Iran said it would only cooperate in talks to freeze output if other exporters recognized its right to full regain market share
- Data showed Iraq producing 3.205 mbpd in Aug compared to 3.202 mbpd in July
There's also an element of unwind after talk of Yemen attacks on Saudi oil facilities on Friday were denied.