Oil’s Upward Momentum Eases as Chances of a U.S. Attack on Iran Diminish

Oil prices saw little change on Monday after rising in the previous session, as the likelihood of the United States launching an attack on Iran diminished following a bloody crackdown on protests that helped quell civil unrest in one of the Middle East’s largest crude-producing countries—unrest that could have disrupted oil supplies.اضافة اعلان

By 03:27 GMT, Brent crude rose by six cents, or 0.09%, to $64.19 per barrel.

U.S. West Texas Intermediate (WTI) crude futures for February delivery gained nine cents, or 0.15%, to $59.53 per barrel. The February contract expires on Tuesday, while the more actively traded March contract rose by five cents, or 0.08%, to $59.39 per barrel. (Reuters)