OIL PRICE: NEAR $58 ANEW
REUTERS - Oil prices were up on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to supply facing major exporters.
Brent crude LCOc1 rose 34 cents or 0.6% to $58.71 a barrel by 0840 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was at $53.16, up 35 cents or 0.7%.
Both futures contracts ended last week with a more than 5% decline after dismal manufacturing data from the United States and China, with the trade row between the world's top economies undermining global economic prospects.
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.