Oil futures edged slightly higher Monday as traders took stock of U.S.-Saudi tensions over the killing of journalist Jamal Khashoggi.
Several U.S. lawmakers from both sides of the aisle called for sanctions on the kingdom over the weekend as Treasury Secretary Steven Mnuchin prepared to visit Saudi Arabia Monday. Mnuchin told reporters that the administration’s relationship with Saudi Arabia was critical to the U.S. plan to thwart Iran’s effort to become the region’s dominant power, according to news reports.
West Texas Intermediate crude for November delivery rose 2 cents to $69.14 a barrel on the New York Mercantile Exchange. The global benchmark, Brent crude rose 11 cents, or 0.1%, to $79.89 a barrel, on the ICE Europe exchange.
Source : Marketwatch