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Oil prices rose on Monday, supported by strong demand and uncertainty over the conflict in Syria, although another run-up in US drilling activity kept a lid on gains. Brent crude futures, the international benchmark for oil prices, were at $55.47 per barrel at 5:44am GMT, up 23 cents, or 0.42%, from their last close. US West Texas Intermediate crude futures were up 25 cents, or 0.49%, at $52.49 a barrel. ANZ bank said that strong oil demand and "an unsettled global backdrop (is) leaving the market very finely balanced."
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Oil prices rose on Monday, supported by strong demand and uncertainty over the conflict in Syria, although another run-up in US drilling activity kept a lid on gains. Brent crude futures, the international benchmark for oil prices, were at $55.47 per barrel at 5:44am GMT, up 23 cents, or 0.42%, from their last close. US West Texas Intermediate crude futures were up 25 cents, or 0.49%, at $52.49 a barrel. ANZ bank said that strong oil demand and "an unsettled global backdrop (is) leaving the market very finely balanced."
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