79 per barrel at 0247 GMT, up 10 cents, or 0.“Sentiment remains fragile and vulnerable to any deterioration in US-China trade frictions,” said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.2 per cent, from their last close..Front-month Brent crude futures, the international benchmark for oil prices, were at USD 68.54 per barrel, 9 cents below their last settlement.But Monday’s gain could not make up for falls last week, when both crude futures contracts registered their biggest price declines this year amid concerns that the US-China trade dispute could accelerate a global economic slowdown screw barrel of injection moulding machines Factory am IST.US West Texas Intermediate WTI crude futures were at USD 58.
“The relative strength of the very short-end of the price curve likely reflects the market pricing in a known variable of lower supplies from OPEC+,” said Edward Bell, commodity analyst at Emirates NBD bank.A group of producers led by the Organization of the Petroleum Exporting Countries OPEC, known as OPEC, has been withholding supply since the start of the year to tighten the market and prop up prices.79 per barrel at 0247 GMT, up 10 cents, or 0.“Some signs of low confidence are creeping into positioning data,” Bell said.54 per barrel, 9 cents below their last settlement.In oil futures markets, the trade war effect is better seen beyond the spot market.2 per cent, from their last close.Money managers cut their net long US crude futures and options positions in the week to May 21, the US Commodity Futures Trading Commission CFTC said on Friday.US West Texas Intermediate WTI crude futures were at USD 58.International benchmark for oil prices, were at USD 68.Oil prices were stable on Monday amid ongoing supply cuts by producer club OPEC, although markets remained tense amid concerns the Sino-US trade war could trigger a broad economic slowdown.