"Fundamentally, the situation is unchanged
since Friday...There is less tension in the market over Iran and
people are relieved there was no aggression from either the US or
the UK this weekend. There was a brief sell-off during the Asian
window, but it is recovering from that now." Global
crude futures were mixed Monday with ICE Brent and NYMEX WTI May
futures contracts diverging, although markets were generally more
settled than last week with no significant developments over the
weekend in the UK-Iran standoff, a London-based broker said.
