[size=36]Middle East tensions raise oil prices to $ 69[/size]
Oil prices rose to around $ 69 on Monday, buoyed by Middle East tensions and OPEC supply cuts, but fears about the Sino-US trade war and the global economy have dampened gains.
Production cuts, whether voluntarily by the Organization of the Petroleum Exporting Countries (OPEC) and its allies or due to US sanctions, have contributed to a 29 percent rise in global benchmark crude since the start of the year.
By 1143 GMT, the benchmark Brent crude was up 48 cents at $ 69.17 a barrel, down 4.5 percent last week.
US WTI futures rose 3 cents to $ 58.66 a barrel.
Crude prices, last week, recorded the biggest weekly drop this year