Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end.
Despite that, markets remained wary amid deep trade disputes between the world’s two biggest economies, the United States and China.
Front-month Brent crude oil futures (LCOc1) were at $67.21 per barrel at 0609 GMT, up 45 cents, or 0.7 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures (CLc1), were up 58 cents, or 1 percent, at $57.04 per barrel.
“Oil prices continued to recover…(as) the market will be watching closely for the possible impact of a (supply) cut.” said Sukrit Vijayakar, director of Indian energy consultancy Trifecta.
8077496040 ( Technical department )
9720003715 ( sales department )
8077693824 ( support department )