LONDON—Oil prices were stable on Monday, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent COVID-19 containment approach.
Brent crude futures rose by 6 cents, or 0.06 percent to $98.63 a barrel at 1026 GMT. U.S. West Texas Intermediate crude was at $92.60 a barrel, down 1 cent, or 0.01 percent.
