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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 ...

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