Oil was down Monday morning in Asia, extending its losses from the previous Friday. The black liquid extended its losses from Friday as the dollar strengthened and the U.S. rig count rose, even as almost a quarter of U.S. Gulf of Mexico output remained shut after Hurricanes Ida and Nicholas. Brent oil futures were down 0.54% to $74.90 by 10:12 PM ET (2:12 AM GMT. WTI Futures fell 0.75% to $71.28 after rolling over to the November 2021 contract on Sep. 19. Both Brent and WTI futures remained above the $70 mark, however. The dollar inched up on Monday. Oil fell alongside a greenback that was near a three-week high on ... (full story)