KONTAN.CO.ID - NEW YORK, June 24 (Reuters) - Oil prices were mixed on Monday as market concerns about the possibility of a conflict between the United States and Iran eased, while worries about declining crude demand resurfaced. Benchmark Brent crude futures settled at $64.86 a barrel, losing 34 cents, or 0.5%. U.S. crude futures settled at $57.90 a barrel, rising 47 cents, or 0.8%. Last week, Brent climbed 5% and U.S. crude surged 10% after Iran shot down a U.S. drone on Thursday in the Gulf, adding to tensions stoked by attacks on oil tankers in the area in May and June that Washington has blamed on Iran, which denies having any role in the attacks.
Oil mixed on crude demand fears and US-Iran tensions
KONTAN.CO.ID - NEW YORK, June 24 (Reuters) - Oil prices were mixed on Monday as market concerns about the possibility of a conflict between the United States and Iran eased, while worries about declining crude demand resurfaced. Benchmark Brent crude futures settled at $64.86 a barrel, losing 34 cents, or 0.5%. U.S. crude futures settled at $57.90 a barrel, rising 47 cents, or 0.8%. Last week, Brent climbed 5% and U.S. crude surged 10% after Iran shot down a U.S. drone on Thursday in the Gulf, adding to tensions stoked by attacks on oil tankers in the area in May and June that Washington has blamed on Iran, which denies having any role in the attacks.