Oil prices rose during trading on Monday, the twenty-first of October, after recording losses of more than 7% last week due to concern about demand in China and easing concerns about supplies from the Middle East.
On the trading front, Brent crude futures rose 0.6% to $73.47 a barrel. U.S. crude contracts rose 0.7% to $69.67 a barrel. Brent crude fell more than 7% last week, while WTI lost about 8%. It was the biggest weekly drop for crude since Sept. 2, due to slowing economic growth in China and a lower risk premium in the Middle East.
