Oil prices held steady on Monday as increased geopolitical tensions in Europe and the Middle East offset rising production and weakening economic tailwinds.
Benchmark Brent crude futures were marginally higher at $66.73 a barrel in European trade after a week of declines. WTI crude futures were little changed at $62.43.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.