Mumbai, 27/3: Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.
Brent crude futures held unchanged at $74.99 a barrel at 0357 GMT after hitting a session high of $75.64. US West Texas Intermediate crude was at $69.29 a barrel, up 3 cents, after rising to $69.92 earlier in the session.
Brent rose 2.8 per cent last week, while WTI rebounded 3.8 per cent as jitters in the banking sector eased.
Oil markets are closely watching the sentiment in financial market, while oil fundamentals remain sidelined, said Vandana Hari, founder of oil market analysis provider Vanda Insights