Tokyo — Oil prices were mixed on Monday with US benchmark West Texas Intermediate (WTI) nudging higher after four weeks of declines, while Brent began the week lower as the fallout from trade tensions weighed on markets. US West Texas Intermediate (WTI) crude futures were up 15c, or 0.2%, at $68.84 a barrel by 3.09am GMT. WTI fell 1.3% on Friday. Brent crude futures fell 5 cents to $74.24 a barrel, after notching up a 1.7% weekly increase last week, the first gain in four weeks. The US economy grew at its fastest pace in nearly four years in the second quarter, but trade tension remains high between Washington and Beijing despite an easing between the US and the EU. "Concerns around the US-China trade wars continue to weigh on prices, while the halt in Saudi shipments through the Red Sea waterway has seemingly failed to provide a bullish fillip," said Stephen Innes, head of trading Aia-Pacific at Oanda Brokerage. Saudi Arabia last week said it was suspending oil shipments through th...
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