Oil prices were little changed on Monday, holding onto 2% gains from Friday amid renewed geopolitical tensions in the Middle East, while a detente in the U.S.-China trade war buoyed market sentiment, APA reports quoting Reuters.
Brent crude futures LCOc1 rose 9 cents to $60.60 a barrel by 1208 GMT, while U.S. West Texas Intermediate (WTI) crude futures CLc1 was at $54.79 a barrel, up 9 cents.
Both contracts rose more than 3% last week, their first weekly gain in three weeks.