Oil prices surge amid rising tension in Europe, Middle East; brent crude at $67.07/barrel
Oil prices edged higher in Asian trading on Monday, supported by geopolitical tensions in Europe and the Middle East. However, expectations of increased supply and worries over the impact of trade tariffs on global fuel demand capped gains.
Brent crude futures climbed 34 cents, or 0.54 per cent, to $67.07 a barrel by 0317 GMT, while U.S. West Texas Intermediate (WTI) crude for October delivery rose 34 cents, or 0.54 per cent, to $63.02 a barrel.
