Brent crude futures for January were up 19 cents at $81.62 a barrel by 1250 GMT, having lost $1 in early trading, while US West Texas Intermediate (WTI) crude futures for December were up 14 cents at $77.31.
Hamas Attack: Nomura India said events in the Middle East over the weekend (i.e. attack on Israel) presents a risk for stocks as such events could possibly lead to a surge in oil prices thus putting at risk the recent US disinflation narrative