Americandiary24: Oil prices rebounded on Monday

Oil prices rebounded on Monday

11 February 2025 / 01:31 | Energy | Follow contets:

Reuters

Oil prices rebounded on Monday.

Brent crude futures were up 87 cents, or 1.2%, at $75.53 a barrel by 1413 GMT. U.S. West Texas Intermediate crude added 1.3%, rising 90 cents to $71.90.

Monday's gains could be down to bargain hunting after the market posted a third consecutive weekly decline last week, pressured by the concerns over global trade.

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