Crude-oil futures declined Monday, with energy demand concerns, signs of rising U.S. oil production and a stronger dollar pressuring prices, which had also suffered a drop last week.

Prices, however, finished off the session’s worst levels, with John Caruso, senior market strategist at RJO Futures, suggesting that the market may have seen “some seller exhaustion” ahead of the weekly supply data from the American Petroleum Institute on Tuesday and Energy Information Administration Wednesday.

“We’re light on economic data until the back half of this week as well—so other than anything geopolitical, I’d suspect some more price discovery and consolidation” between now and Wednesday,” he added.

Source: marketwatch.com