Analysts said the market awaits further price direction from OPEC’s monthly report, to be released later on Tuesday, before charting the next course
Oil prices
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Oil price
Oil prices fall as weak global demand overtakes concerns on Middle East tension
US crude and Brent crude, the international benchmark, tumbled 6 percent Monday, with the US crude falling well below $70 per barrel
crude oil
Crude oil edges up Friday, but could be headed for biggest weekly loss in over a month
Brent crude futures rose 16 cents, or 0.2%, to $74.61 a barrel, while US West Texas Intermediate crude was at $70.84 a barrel, up 17 cents
Brent Crude
Oil eases though investors wary over potential Mideast supply disruption
Brent crude oil futures fell 0.5% to $79.01 a barrel, while the US West Texas Intermediate crude futures dropped 0.4% to $75.53 per barrel on Friday
geopolitical tensions
Lebanon-Israel conflict: Investors urged to stay calm as oil prices surge amid Middle East geopolitical tensions
While short-term volatility is likely, the long-term outlook for oil prices remains subject to a wide range of influences beyond the current Middle East crisis, experts say
geopolitical conflicts
Oil prices rise as Middle East conflict fuels supply disruption fears
Brent crude futures increased 0.87 percent to $74.54 a barrel, while the US West Texas Intermediate crude futures gained 1.03 percent to $70.82 a barrel