il held steady above $63 on Monday, as a dense fog delayed U.S. crude shipments and traders factored in OPEC's plan to further cut output.
U.S. crude traded one cent up at $63.44 a barrel by 0825 GMT, after rising 92 cents on Friday to the highest settlement in two weeks. London Brent slipped 3 cents to $63.46 a barrel.
Forecasts showed a fog delaying tankers carrying crude to refineries along the U.S. Gulf Coast could lift early this week, though vessel traffic on the Houston Ship Channel was halted again on Sunday night due to the fog.
Four days of intermittent delays on the waterway, which feeds the nation's busiest petrochemicals port, has led some refiners in the area to warn they may need to slow fuel production, but so far no Gulf Coast refinery has announced production cuts.
The shipping disruptions follow OPEC's decision on Thursday for a second output cut of 500,000 barrels per day (bpd) to start from February, coming on top of a 1.2 million bpd reduction agreed from November.
U.S. crude
Forecasts showed a fog delaying tankers carrying crude to refineries along the U.S. Gulf Coast could lift early this week, though vessel traffic on the Houston Ship Channel was halted again on Sunday night due to the fog.
Four days of intermittent delays on the waterway, which feeds the nation's busiest petrochemicals port, has led some refiners in the area to warn they may need to slow fuel production, but so far no Gulf Coast refinery has announced production cuts.
The shipping disruptions follow OPEC's decision on Thursday for a second output cut of 500,000 barrels per day (bpd) to start from February, coming on top of a 1.2 million bpd reduction agreed from November.
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