Oil traded mostly flat on Monday after surging last week as investors wait to see if the Israel-Hamas conflict draws in other countries – a development that would potentially drive up prices further and deal a fresh blow to the global economy.
Brent futures were last flat at $90.89 per barrel at 0419 GMT. U.S. West Texas Intermediate (WTI) crude was down 2 cents to $87.67 a barrel.
Both benchmarks climbed nearly 6% on Friday, posting their highest daily percentage gains since April, as investors priced in the possibility of a wider Middle East conflict.
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