Crude oil prices started trade this week with a gain, after posting another week of losses, as an increase in violence in the Middle East prompted worry about supply while in the U.S. the Fed signaled it may start cutting interest rates next month. Brent crude was trading above $79 in late morning trade in Asia today, with West Texas Intermediate above $75 per barrel. A contributing factor for the latest moves in oil prices may also have been global supply, which has declined to a two-year low, with OECD stocks in particular much lower than the…
