Oil futures settled lower Monday, shedding risk premiums as Hurricane Barry continued to weaken far inland and Gulf Coast oil operations began to normalize. NYMEX August WTI closed at $59.58/b, down 63 cents, while ICE September Brent fell 24 cents lower to $66.48/b at market close. Hurricane Barry was moving well inland as a tropical depression Monday after having made landfall on the Louisiana coast midday Saturday with winds barely meeting hurricane criteria. FACTBOX: Key infrastructure in US Gulf Coast reopens as storm Barry weakens RELATED STORY: More than half of US Gulf of Mexico oil, gas output remains shut after Barry: BSEE The storm “is fading as a tropical system” into what the National Weather Service calls a “remnant low,” the agency said Monday on Twitter. Nevertheless, Barry continues to dump heavy rain […]