By Florence Tan
SINGAPORE (Reuters) -Oil prices inched up on Monday supported by geopolitical tension in Europe and the Middle East, although the prospect of more oil supply and concern about the impact of trade tariffs on global fuel demand weighed.
Brent crude futures rose 28 cents, or 0.42%, to $66.96 a barrel by 0118 GMT while U.S. West Texas Intermediate crude was at $62.88 a barrel, up 20 cents, or 0.32%.
“Reports over the weekend that Russia was threatening over the Polish border has provided traders with a timely reminder of the ongoing risks to European energy security from the north east,” said Michael McCarthy, CEO of investment platform Moomoo Australia and New Zealand.
Polish and allied aircraft were deployed early on Saturday to ensure the safety of Polish airspace after