Oil prices near flat as economic slowdown fears tempered | Reuters

Oil prices near flat as economic slowdown fears tempered | Reuters:

Oil prices were little changed on Monday as investors shrugged off fears of a global economic slowdown and focused on the prospect of tighter supply and lower U.S. crude inventories ahead.

Brent crude oil futures climbed 30 cents to $67.33 a barrel by 11:56 a.m. EST (1556 GMT), while U.S. West Texas Intermediate (WTI) futures rose 11 cents to $59.15 a barrel.

Crude oil pared earlier losses as the U.S. stock market turned positive.