Oil prices returned to rise on Monday amid political uncertainty in the United States and the Middle East, dissipating some of the pressures of the rising dollar and weak demand in China.
Brent crude futures rose 15 cents, or 0.2 percent, to $85.18 a barrel, after closing 37 cents lower on Friday. US West Texas Intermediate crude recorded $82.41 per barrel, up 20 cents, or 0.2 percent.
Oil prices offset the influence of the dollar, which rose after a failed assassination attempt on US presidential candidate Donald Trump. In the Middle East, talks aimed at ending the war have stalled.
Source (CNBC Arabia website, edited)
