Oil futures rose on Monday on increasing concerns about supply disruptions in West Asia even as investors and traders fretted over global economic growth prospects amid a stand-off in the Sino-US trade talks.
Brent crude futures were at $71.71 a barrel by 0912 GMT, up $1.09. US West Texas Intermediate (WTI) futures were at $62.45 per barrel, up 79 cents.
Saudi Arabia said on Monday that two Saudi oil tankers were among vessels targeted by a “sabotage attack” off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of global crude supplies.
