Oil prices edged higher on Monday, rebounding from a two-week low in the previou...
FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann/File Photo
U.S. West Texas Intermediate crude CLc1 futures rose 14 cents, or 0.3% to $56.05 a barrel. WTI fell to $54.75 a barrel on Friday, its lowest since Sept. 13, when prices closed down 0.9%. Saudi Arabia’s crown prince warned in an interview broadcast on Sunday that oil prices could spike to “unimaginably high numbers” if the world does not come together to deter Iran, but said he would prefer a political solution to a military one.
Still, oil remains under pressure as traders weigh the impact on the global economy of a prolonged trade war between the U.S. and China.
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