Oil turns to gains, rises by more than 1% - Breaking The News
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Oil turns to gains, rises by more than 1%

EPA-EFE/LARRY W. SMITH

The prices of oil futures turned to gains on Monday after previously scoring losses amid general unpredictability concerning central banks and their future steps in relation to raising interest rates.

Adding to the uncertainty are the conflict in Sudan and the worries about the export of petroleum products from that country.

West Texas Intermediate for June's deliveries advanced by 1.30% at 2:00 pm ET to sell for $78.84 per barrel. A minute later, Brent for settlements in June increased by 1.36% to go for $82.77 per barrel.

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