LONDON: Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff plans, this time targeting steel and aluminium. Brent crude futures were up $1.05, or 1.4%, at $75.71 a barrel by 1301 GMT. U.S. West Texas Intermediate crude added 1.5%, also rising $1.05 to $72.05. Monday’s gains could be down to bargain hunting after the market posted a third consecutive weekly decline last week, pressured by the concerns over global trade. “It’s tariff uncertainty which is the name of…
Read MoreOil prices advance despite concern over more US tariffs
