NEW YORK (Reuters) – Oil futures were little changed on Monday as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems.
Brent futures fell 26 cents, or 0.3%, to $81.93 a barrel by 10:48 a.m. EST (1548 GMT), while US West Texas Intermediate crude (WTI) remained unchanged at $76.84.
The major forces underlying last week’s…
