Oil prices grow at Monday’s close

Oil prices were up at the end of Monday’s trade amid investors’ concerns over tighter global oil supplies due to the US sanctions against Iran.

Worries concerning trade war between the United States and China had been reduced, sending oil prices up for the third session in a row.

The expected fall in supply from Iran due to the US sanctions encouraged oil prices to grow.

Nymex futures for September went up 0.8%, or $0.52, reaching $66.43 per barrel.

By 09:15 pm GMT, Brent crude futures for October levelled up 0.38%, or $0.27, to $72.10 per barrel.

In the meantime, the US dollar index was 0.37% lower at 95.76