Research icon- Oil prices tread water as market eyes global risks

Tokyo: Crude prices on Monday were slightly altered as traders weighed geopolitical hazards against the effect of the Sino-US trade war on the global economy, although the better-than-expected US job information last week provided some assistance.

The crude futures of Brent were down 3 cents at $64.20 by 0300 GMT. At $57.57 a barrel, the US West Texas Intermediate (WTI) was 6 cents higher.

A very careful open this morning, backed by a better than anticipated (non-farm payrolls), "said Stephen Innes, Vanguard Markets ' managing partner in Bangkok." Traders stay extremely careful about the dimmer worldwide financial overhang.

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