You are here: Home » Reuters » News
Business Standard

Oil prices gain 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 48 cents to $72.31 a barrel by 12:53 p.m. EDT (1653 GMT).U.S. West Texas Intermediate (WTI) crude futures rose 40 cents to $66.31 a barrel.Last week, Brent declined for a third consecutive week, while WTI fell for a seventh week due to concerns that economic growth would slow because of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, August 20 2018. 22:39 IST