Oil prices were little changed on Monday, holding onto 2% gains from Friday amid renewed geopolitical tensions in the Middle East, while a detente in the U.S.-China trade war buoyed market sentiment. Brent crude futures rose 9 cents to $60.60 a barrel by 1208 GMT, while U.S. West Texas Intermediate (WTI) crude futures was at $54.79 a barrel, up 9 cents. Most of the gains were posted on Friday after an Iranian oil tanker was attacked off Saudi Arabia’s coast in the Red Sea. …read more
Source:: Yahoo Finance
