Global Oil Prices Remained Stable On Monday Despite A Combination Of Factors Putting Significant Pressure On Quotes, Report Informs, Referencing Trading Data.

The price of March Brent crude futures rose 0.05% from the previous close to $65.91 per barrel, while March WTI futures rose a similarly symbolic 0.08% to $61.12, The Caspian Post reports.

Late last week, US President Donald Trump told reporters that American warships were heading toward Iran.

Trump threatened to use force against Iran in response to the harsh suppression of days-long protests.

Earlier, the US Department of Energy published data on the country's oil reserves and production. US oil production fell by 21,000 barrels per day to 13.732 million barrels per day in the week ending January 16.