Crude oil ended lower but recovered most of its losses tracking Wall Street where major indexes at first dipped,  turned higher, then traded little changed in late dealings. OPEC will focus on compliance at its next meeting on Oct. 14, Kuwaiti oil minister Sheikh Ahmad al-Abdullah al-Sabah said on Monday, adding members need to adhere more strictly to existing quotas. Now support for the crude is seen at 3422 and below could see a test of 3396. Resistance is now likely to be seen at 3486, a move above could see prices testing 3524.

Trading Ideas:

Crude trading range is 3396-3524.

Crude oil ended lower but recovered most of its losses tracking Wall Street

Crude looks to test support at 3422 and resistance is seen at 3486.

OPEC will focus on compliance at its next meeting on Oct. 14