Oil prices rise amid Trump’s 48-hour ultimatum to Iran

New Delhi: Global crude oil prices traded marginally higher early Monday as traders weighed fresh threats of escalation of the conflict between the US and Iran.

At 8.44 am, the April contract of Brent on the Intercontinental Exchange was trading at $112.87 per barrel, higher by 0.61% from its previous close. The April contract of the West Texas Intermediate (WTI) on the NYMEX was trading at $98.95, higher by 0.73% from its previous close.