Oil prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes landfall on Monday.
Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on Friday.
U.S. West Texas Intermediate crude was at $83.08 a barrel, down 8 cents, after settling down 72 cents in the previous session.
Lower interest rates can boost economic activity and increase crude oil demand.
Investors were also watching for any impact from elections in the UK, France and Iran last week on geopolitics and energy policies.
Persons:
Beryl, Corpus Christi, Tony Sycamore, Baker Hughes BKR.O, Sycamore, Masoud Pezeshkian
Organizations:
Tropical, Brent, . West Texas, Texas City, Energy, Administration, Sunday
Locations:
Texas, Corpus Christi, Houston, Galveston, Freeport, Corpus, Sydney, U.S, France, Iran