Oil prices rise on easing trade war concerns, sanctions on Iran


By Stephanie KellyNEW YORK (Reuters) - Oil futures rose on Monday after weeks of declines, supported by easing concerns over a potential trade war between the United States and China, as well as an expected fall in supply from Iran due to U.S. sanctions.Brent crude futures rose 41 cents to $72.24 a barrel, by 11:17 a.m.

EDT (1517 GMT).U.S. West Texas Intermediate (WTI) crude futures rose 22 cents to $66.13 a barrel.Last week, Brent declined for a third consecutive week, while WTI fell for a seventh week due to concerns about a slowdown in economic.

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