U.S. crude oil recovers from its worst week since 2023.

• In the third quarter, the West Texas Intermediate U.S. benchmark dropped nearly 16%, while the Brent global benchmark fell almost 17%.

On Monday, U.S. crude oil futures experienced a nearly 1% rebound after experiencing the worst week since October 2023.

In the third quarter, the U.S. benchmark has dropped 15.8%, while the Brent global benchmark has fallen more than 16.6%.

"Since early July, we have lost 400 million barrels of financial demand, which amounts to 7 million barrels per day of demand, according to Daan Struyven, oil research head at Goldman Sachs, who shared this information on CNBC's "Squawk Box Asia" on Monday."

Here are Monday's energy prices:

• The October contract price for crude oil is $68.13 per barrel, which represents a 46-cent increase or 0.68% rise. To date, the US has experienced a 4.8% decline in crude oil prices.
• The November contract price for oil is $71.56 per barrel, which represents a 50 cent increase, or 0.7%, despite the global benchmark having decreased by 7% year to date.
• The price of gasoline in October increased by more than 2 cents, or 1.5%, compared to the previous month. Despite this increase, the year-to-date decline in gasoline prices has been 8.4%.
• The October contract price for natural gas is $2.18 per thousand cubic feet, which represents a decrease of over 8 cents or 3.8% compared to the previous month. To date in the year, gas prices have fallen by 13%.

The crude market has been affected by weak demand in China, and consumption is expected to decrease in Europe and the U.S. as the summer driving season ends and refineries enter maintenance mode.

The production increase that OPEC+ had planned to implement in October has been postponed due to declining prices. According to Goldman Sachs, the group is expected to commence increasing production in December, with Brent crude oil forecasted to trade within the range of $70 to $85 per barrel.

"According to Struyven, our base case does not predict a recession. The probability of a recession in the U.S. economy over the next 12 months, as per Goldman research, is still 20%."