Oil edges up in Asia; Brent holds at $88.72

Both benchmarks are coming off a week that saw gains of more than 5%, with WTI slipping slightly in early Asian trade.

Staff Writer
Cargo ships and oil tankers on the Bosporus strait, capturing global trade and maritime logistics at sunset.

Article summary

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Brent crude futures rose 0.2% to $88.72 a barrel in early Asian trading, while WTI edged down five cents to $82.35. Both benchmarks had climbed more than 5% the previous week.

Key points

  • Brent futures rose 0.2% to $88.72 per barrel
  • WTI slipped five cents to $82.35 per barrel
  • Both contracts gained over 5% last week

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Oil prices nudged higher in early Asian trading on Monday, extending a strong run for both major benchmarks.

Brent crude futures rose 20 cents, or 0.2%, to $88.72 a barrel. West Texas Intermediate futures slipped five cents to $82.35 a barrel.

Both contracts had gained more than 5% over the previous week.