SINGAPORE: Oil prices rose in Asia on Monday, but analysts said gains were capped following weakened demand caused by refinery shutdowns and easing concerns about armed conflicts around the world.

US benchmark West Texas Intermediate for September delivery was up 10 cents to $97.98 while Brent for September gained 23 cents to $105.07 in afternoon trade.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details