Oil prices rose, moving in a narrow range on contradictory data, as prices were supported by U.S. plans to buy oil for the Strategic Petroleum Reserve, while wildfires in Canada increased supply concerns, but lower-than-expected Chinese consumption and manufacturing data capped gains.
Brent crude futures rose 0.2 percent to $75.44 a barrel, while U.S. West Texas Intermediate crude was at $71.28 a barrel, up 0.14 percent. The two-benchmark indices rose more than one percent in Monday's session, ending a three-session losing streak.
Source: (Asharq Al-Awsat Newspaper, Edited)
