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Oil gains on easing trade war concerns, sanctions on Iran

Reuters  |  NEW YORK 

By Stephanie KellyNEW YORK (Reuters) - Oil futures rose on Monday after weeks of declines, as investors grew more concerned about an expected fall in supply from Iran due to U.S. sanctions and worried less that a trade war between the United States and China would hurt economic growth.Brent crude futures rose 38 cents to settle at $72.21 a barrel, a 0.5 percent gain.U.S. West Texas Intermediate (WTI) crude rose 52 cents, or 0.8 percent, to end at $66.43 a barrel.Last week, Brent declined for a third consecutive week, while WTI fell for a seventh week due to concerns that economic growth ...

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First Published: Tue, August 21 2018. 00:59 IST
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