Fetching News Details
Saudi Arabia's Oil Minister has declined the possibilities of the halt in the supply cuts before June. This led to an increase in oil prices on Monday. Also, recent reports have shown a substantial decline in US drilling activity which has supported the market. Brent was up 0.5% and was traded at $65.04 per barrel. WTI increased by 0.6% and was traded at $56.39 per barrel.