SAEDNEWS: Oil prices were stable at the start of trading this morning, holding on to the gains achieved last week.
According to Saednews, Oil prices remained stable at the start of trading on Monday, holding onto the gains achieved last week, Reuters reported.
Brent crude futures were unchanged at $88.55 per barrel at 01:28 GMT. Meanwhile, West Texas Intermediate (WTI) crude futures slipped by 14 cents to $82.26 per barrel.
Both Brent and WTI crude prices rose by more than 5% last week, supported by concerns over attacks on UAE tankers in the Strait of Hormuz and Saudi Aramco refineries along the Red Sea.
