Dubai – Masaader News
The prices of the oil were steady on Monday as US-China trade tensions continued to threaten demand for oil, but tight crude supply and the swift end to a trade dispute between Mexico and the United States offered support, according to Reuters.
Front-month Brent crude futures were at $63.42 at 0850 GMT, 13 cents, or 0.21%, above Friday’s close.
U.S. West Texas Intermediate (WTI) crude futures were at $54.19 per barrel, up 20 cents, or 0.37%.
A deal between the United States and Mexico to combat illegal migration from Central America late last week removed the threat of U.S. tariffs on goods imported from Mexico, buoying markets on Monday.
But analysts said there were still concerns about the health of the global economy with no signs of an end in sight to the United States’ trade war with China.