The forecast track of Hurricane Beryl continues to steer it away from the major offshore production areas of the U.S. regulated northern Gulf of Mexico.

Brent crude futures rose 24 cents or 0.28% to $86.84 per barrel at 10:20 AM CDT (1520 GMT). U.S. West Texas WTI crude oil was up 5 cents or 0.06% at $83.23.

WTI increased $1 to $84.38 per barrel earlier on Monday on fears Beryl could have a greater impact on the Gulf of Mexico due to an increase in demand for motor gasolines by Americans.

Both benchmarks rose by about 2% during the previous session.

Phill Flynn is an analyst at Price Futures Group. He said that traders are less concerned about supply issues as a result of the new forecasts released on Monday.

Flynn stated that "the markets realized Beryl was not going to shutdown any major offshore oil production." We may see some platforms shut down, but it will have a minimal effect on them.

Hurricane Beryl, a Category 5 hurricane that is dangerously tearing across the Caribbean Sea. According to the U.S. National Hurricane Center, it is expected to weaken into a tropical cyclone by the time that it enters Gulf of Mexico later this week.

The summer travel season will begin this week with the Independence Day holiday. According to the American Automobile Association, travel will increase by 5.2% during holiday travel periods in 2023. Car travel is expected to rise 4.8%. Reporting by Erwin Seba, Houston; Additional reporting by Arunima Kumar in Bengaluru; Mohi Nrayan in New Delhi; and Colleen Waye in Beijing. Editing and editing by David Evans and David Holmes.