Iran's light crude oil price up 79 cents in a week

Oil Holds Gain as US Drilling Eases for First Time in 7 Weeks

Both crude benchmarks have increased by nearly 60% since the middle of 2017.

At 0820 GMT, May WTI Crude Oil is trading $61.19, down $0.14 or -0.23% and June Brent Crude Oil is at $64.65, down $0.14 or -0.22%. Crude oil prices could weaken if the dollar rallies and stocks weaken.

The split is driven by differing views over whether $70 a barrel would send US shale companies into a production frenzy that could cause prices to crash.

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures finished lower on Monday on renewed concerns over rising U.S. production and tight OPEC supply.

Crude prices rose on Friday after the US economy added the biggest number of jobs in more than 1-1/2 years in February.

Tillerson's firing increases risks to the multilateral agreement to limit Iran's nuclear capabilities, raising questions about potential effects on output by the third largest crude oil producer in the Organization of the Petroleum Exporting Countries.

In oil markets, USA energy companies last week cut oil rigs for the first time in nearly two months, with drillers cutting back four rigs, to 796, Baker Hughes (GE.N) energy services firm said.

The EIA is due to publish its latest weekly US production data on Wednesday. Cocoa, however, rises by 3.29% to 2,546 United States dollars per metric ton.

Michael Carrick's Praise of Scott McTominay Will Excite Scotland Fans
The former England global made the announcement at United's press conference on Monday ahead of the Champions League last-16, second-leg match against Sevilla .

Sevilla chairman urges team to reach Champions League last 8
After a falling out between Pogba and his manager regarding tactics, the Frenchman was dropped for a number of games. The Red Devils will be without defenders Phil Jones , Marcos Rojo and Daley Blind , and midfielder Ander Herrera .

Tillerson seeks neutral site for Trump-Kim talks
The South Korean newspaper cited an unidentified senior official in South Korea's presidential office. Vice President (Mike) Pence attended the opening ceremony of the Pyeongchang Olympics", he added.

The Treasury Department will auction $21 billion in 10-year notes on Monday, as well as $28 billion in three-year notes.

Increased supply did not quell demand for the notes, a positive sign for the heavy issuance expected in the year ahead.

OPEC should beware as US shale producers are set to steal a bigger slice of the market in Asia, which consumes more oil than any other region, according to industry consultant Wood Mackenzie Ltd.

Last week's data, as well as an easing of fears over a global trade war, boosted stocks across the world.

The Nasdaq Composite was up 33.19 points, or 0.44 percent, at 7,594.00.

MSCI's world equity index.MIWD00000PUS hit a two-week high, while Hong Kong's Hang Seng Index closed up 1.93 percent.

Wall Street's main indexes closed up almost 2 percent on Friday on the strength of the jobs report, and have almost reversed declines in recent weeks when investors feared that higher wages might lead to price pressures. DXY fell 0.21 percent, with the euro up 0.27 percent to $1.2338.

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