Oil prices were little changed in early Asian trading on Monday, holding on to most of last weeks more than 3% gains, supported by geopolitical tensions and better economic data. Brent crude futures fell 7 cents, or 0.09%, to $79.59 a barrel, while US West Texas Intermediate crude futures rose 2 cents, or 0.03%, to $76.86. Brent ended last week up more than 3.5% on the week, while WTI gained more than 4%, on supportive economic data and increased hopes of a US interest rate cut. Three US central bankers said last week that inflation appeared to be cooling enough for the Federal Reserve to cut interest rates as soon as next month. Source: Qatar News Agency
You are here:
Home » Oil Holds On to Last Weeks Gains Buoyed by Economic Data
Oil Holds On to Last Weeks Gains Buoyed by Economic Data
POPULAR POSTS
QLM Profits Fall Back 22.48%
August 11, 2026
US Stock Indexes Open Mixed on Wall Street
August 11, 2026
QSE Index Opens Lower on Tuesday
August 11, 2026
QSE Index Opens Lower on Tuesday
August 11, 2026
S. Korea Exports Surge by 57.3% in Q2, Boosted by Semiconductors
August 11, 2026
Oman Crude Oil Price Goes Up by USD 8.13
August 11, 2026