India, Feb. 10 -- Oil prices bounced back on Monday after three consecutive weekly declines on concerns about a global trade war.
Benchmark Brent crude futures jumped 0.7 percent to $75.15 a barrel in European trade, while WTI crude futures were up 0.6 percent at $71.43.
Both contracts fell around 2 percent last week amid concerns that U.S. President Donald Trump's tariff policies could dampen global economic growth and energy demand. Today's uptick in prices comes amid signs of increasing sanctions and potential disruptions to Russian and Iranian oil flows.
Investors fretted about potential tightening of global supply following new U.S. sanctions on Iran's crude exports, targeting individuals and tankers transporting oil to China.
Howe...