Oil futures climbed Monday, with U.S. and global benchmark prices settling at their highest in a week after posting a third straight weekly decline on worries about the demand outlook.
Price action
Market drivers
Signs of slowing demand in the U.S. and China offset the ongoing supply cuts from the Organization of the Petroleum Exporting Countries and its allies and the potential for supply disruptions in the Middle East “owing to the risk of spillover of the conflict in Gaza to other oil-rich nations,” said…
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