Oil prices rise after week of sharp falls

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Oil prices rise after week of sharp falls

Oil prices rose in early trading on Monday, with traders citing opportunistic buying following sharp declines in the previous week on the back of ongoing weak fundamentals. International Brent crude oil futures were trading at $45.92 per barrel at 0119 GMT, up 34 cents, or 0.75 percent, from their previous close. U.S. West Texas Intermediate (WTI) crude futures were down 0.40 cents, or 0.91 percent, at $44.47 a barrel.
An oil well pump jack is seen at an oil field supply yard near Denver


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18 comments on “Oil prices rise after week of sharp falls

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