SULAIMANI (ESTA) — Oil prices on Monday were up, propped by a weaker dollar, and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.
Brent crude futures for September settlement rose $2.54, or 2.5%, to $103.70 a barrel by 0648 GMT, after a 2.1% gain on Friday.
U.S. West Texas Intermediate (WTI) crude futures for August delivery gained $2.31, or 2.4%, to $99.90 a barrel, after climbing 1.9% in the previous session.
