Oil Holds its Ground as Chinese Demand Concerns Weigh

OIL PRICE - LONDON. Oil held its ground on Monday as downward pressure from concern about demand in top importer China offset support from strong demand elsewhere, OPEC+ supply restraint and geopolitical tensions in the Middle East. The reaction of the wider markets to the attempted assassination of former U.S. President Donald Trump was in focus. The U.S. dollar steadied after gains earlier in the session that had weighed on oil.

Brent crude futures were up 3 cents at $85.06 a barrel by 1326 GMT. U.S. West Texas Intermediate crude gained 7 cents to $82.28.