Oil prices rebound over 2% on geopolitical fears, but global supply glut, Saudi cuts loom
Oil prices jumped on Monday on potential disruptions in oil supply from the Middle East. At the time of writing, the price of West Texas Intermediate crude oil was at $58 per barrel, up 2.2%, while Brent was 2% higher at $61.44 a barrel. Both oil benchmarks had fallen more than 2% on Friday. Geopolitical
