Oil prices ticked higher on Monday, rebounding after declines last week on concerns about a global trade war, as investors appeared to shrug off U.S. President Donald Trump's latest threat, this time on steel and aluminium imports.
Brent crude futures was up 74 cents, or 1%, to $75.40 a barrel by 0938 GMT while U.S. West Texas Intermediate crude also climbed 1%, or 72 cents, at $71.72 a barrel. The market posted its third consecutive weekly decline last week on concerns about a global trade war.
Source: Reuters
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