Oil was little changed as investors weighed an expected drop in American crude stockpiles against the possibility of the U.S. imposing extra tariffs on a new $160 billion swath of Chinese goods this Sunday.
West Texas Intermediate for January delivery was down 13 cents to $58.89/bbl on the New York Mercantile Exchange as of 7:45am Singapore time.
Brent futures for February settlement closed 14 cents lower at $64.25/bbl on London's ICE Futures Europe Exchange on Monday. The global benchmark crude ended Monday’s session at a $5.25 premium to WTI for same month.
Source : Bloomberg