Oil prices bounce up on Iran concern after touching one-month low on trade tensions
Oil futures edged higher in volatile trade on Monday as rising tensions between the United States and Iran buoyed prices after they touched a one-month low following U.S. President Donald Trump`s threat that he may raise tariffs on Chinese goods.
Brent crude futures rose 39 cents to settle at $71.24 a barrel. The global benchmark earlier sank to $68.79 a barrel, its lowest since April 2. Image source: Reuters