U.S. crude oil futures ended higher on Monday after seesawing, extending last week's strong gains as a weak dollar and optimism reflected in stronger equities markets kept oil moving up. NYMEX Natgas traded flat whereas it rose by 1.22 percent on MCX.

IN FOCUS:

Asia's top refiner Sinopec Corp said it processed 86.9 million tonnes of crude oil, or 3.5 million barrels per day, in the first half of this year, up 1.82 percent from a year earlier. The volume accounted for around half of China's total crude throughput for the period.

U.S. highway travel was up 0.1 percent in May compared to year-ago, the Transportation Department said.

A survey on Monday yielded a forecast for crude supplies to have fallen last week. Refined products supplies were expected to be higher.

A tropical wave about 200 miles east of the Windward Islands has a less than 30 percent chance of developing into a tropical cyclone over the next 48 hours, the U.S. National Hurricane Center forecast on Monday.

FUNDAMENTAL OUTLOOK:

Energy basket too may witness profit taking during the day as it seems markets are running ahead of fundamentals and prices may correct during the day.