Oil prices gained on Monday in Asia amid Middle East tensions.

U.S. Crude Oil WTI Futures inched up 0.1% to $52.83 by 1:05 AM ET (05:05 GMT). International Brent Oil Futures gained 0.2% to $62.13.

Attacks on two oil tankers in the Gulf of Oman were cited as providing continuing support to the oil markets. Prices had jumped as much as 4.5% on Thursday following the news.

The U.S. blamed Iran for the attacks, as Secretary of State Mike Pompeo said it was “unmistakable” that Iran was responsible for the hit. His comments prompted a denial and criticism from Tehran.

Source : Investing.com