Oil stable on small market bounce, but investors eye trade outlook
Updated : October 29, 2018 06:56 AM IST
Front-month Brent crude oil futures were at $77.77 a barrel at 0033 GMT, up 15 cents, or 0.2 percent, from their last close.
Despite the gains and calmer financial markets early on Monday, sentiment among investors remained cautious after hefty losses last week.
There were also signs of a slowdown in global trade, with rates for dry-bulk and container ships - which carry most raw materials and manufactured goods - coming under pressure.
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