Oil prices stabilized in early Asian trading on Monday after sharp declines last week, amid continued attempts to reach a ceasefire agreement in the Gaza Strip.
Brent crude futures rose eight cents to $77.41 a barrel, and West Texas Intermediate crude futures settled at $72.28 a barrel.
Both indexes ended last week down about 7 percent and down 2 percent on Friday after stronger-than-expected U.S. jobs data suggested a rate cut could be larger-than-expected and progress in ceasefire negotiations between Israel and Hamas.
Source (Al-Arabiya.net Website, Edited)
