Oil prices were little changed in early Asian trading on Monday, holding on to most of last weeks more than 3% gains, supported by geopolitical tensions and better economic data.Brent crude futures fell 7 cents, or 0.09%, to $79.59 a barrel, while US West Texas Intermediate crude futures rose 2 cents, or 0.03%, to $76.86.Brent ended last week up more than 3.5% on the week, while WTI gained more than 4%, on supportive economic data and increased hopes of a US interest rate cut.Three US central bankers said last week that inflation appeared to be cooling enough for the Federal Reserve to cut interest rates as soon as next month.Source: Qatar News Agency
Home » Oil Holds On to Last Weeks Gains Buoyed by Economic Data
Oil Holds On to Last Weeks Gains Buoyed by Economic Data
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