Oil prices rose slightly in early trading on Monday, buoyed by fears that the conflict in the Middle East could affect supplies from the main production region and expectations that last week's U.S. interest rate cut would support demand.
Brent crude futures for November delivery rose 20 cents, or 0.3 percent, to$74.69 a barrel. U.S. West Texas Intermediate crude futures for November delivery rose 22 cents, or 0.3 percent, to $71.22.
Both crudes had risen in the previous session, supported by a cut in interest rates in the United States and a decline in American supplies following Hurricane Francine.
Source (Al-Arabiya.net Website, Edited)
