New delhi: Oil traded little changed on Monday as Brent crude futures edged up 3 cents to $67.78 a barrel by 0358 GMT. The slight increase in Brent prices followed a week of declines for both major benchmarks.
According to Bahrain News Agency, U.S. West Texas Intermediate (WTI) crude was priced at $62.91 a barrel, reflecting an increase of 2 cents. However, there will be no WTI settlement on Monday due to a U.S. holiday.
Last week, both Brent and WTI recorded weekly declines. Brent settled down approximately 0.5%, while WTI experienced a decrease of 1%.