Oil Rises as Concerns about Banking Sector Turmoil Recede

General

Oil prices rose in early trading Monday, as concerns about turmoil in the banking sector receded.

Brent crude futures rose 33 cents, or 0.4%, to $75.32 a barrel, while the US West Texas Intermediate (WTI) crude price was $69.65 a barrel, up 39 cents, or 0.6%.

On the other hand, Brent rose 2.8% last week, while West Texas crude increased 3.8%, after banking sector turmoil subsided. (QNA)

Source: Qatar News Agency