Oil nears $66; prices mixed in Asian trade

Oil prices were mixed in Asia Monday as fighting between pro-government forces and Iran-backed rebels in Yemen fuels fears about a supply disruption in the crude-rich Middle East, analysts said.

US benchmark West Texas Intermediate for June delivery fell one cent to $57.14 while Brent crude gained one cent to $65.29 in late-morning trade.

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Posted in: Indian Market Tips