The rally in oil prices combined with a much steeper increase in fuel prices
The pan-European STOXX 600 Index gained 0.3%
Crude oil prices eased significantly over the first two weeks in August
The lack of any kind of deal will have an impact on oil price expectations further out in 4Q
The longer energy prices sustain at a higher level
recent decline in oil prices reflects easing concerns over an immediate escalation between the U.S. and Iran
U.S. Secretary of State Marco Rubio said Washington remains willing to negotiate an end to the war
U.S. West Texas Intermediate futures fell 81 cents, or 1%, to $78.79 a barrel
Saudi oil giant Aramco resumed crude oil loadings on Friday
The Middle East conflict prompted the Iranian closure of the Strait of Hormuz
The pan-European STOXX 600 finished 0.5% higher
Oil prices have tumbled more than 10% since May 18
Pakistan's army chief had left for Iran
West Texas Intermediate gained 76 cents, or 0.8%, to $95.84 a barrel
The United Arab Emirates on Monday issued a missile-threat warning
OPEC’s intentions on production changes always attract some attention
Brent crude futures rose $1.93, or 3%, to $65.99 a barrel
U.S. West Texas Intermediate crude fell 32 cents, or 0.6%, to $58 a barrel
The supply from shale producers will be more consistent and insensitive to price
The market's focus has shifted toward the Middle East
U.S. data showed the world's largest economy grew at its fastest pace in two years
The U.S. economy grew faster than expected
Venezuela's oil exports have fallen sharply
Moscow had handed over Russia's proposals on collective security guarantees to Washington
U.S. crude oil inventories fell by 1.8 million barrels
Prices had marginally pared losses earlier
U.S. crude inventories climbed by 2.8 million barrels
Russia stressed it would not let any deal stray too far from its objectives
Recent price weakness is driven mainly by reported progress in Ukraine–Russian peace negotiations