They added that the values were balanced, while markets evaluated a ceasefire agreement between Israel and Hezbollah.
This occurred at the same time as the Sunday meeting of the Organization of Petroleum Exporting Countries and its allies (OPEC+) was anticipated, in which the group could delay a planned increase in crude oil production.
The European reference Brent crude futures rose 32 cents, 0.44 percent, to $73.13 a barrel, while the American West Texas Intermediate crude rose 33 cents, 0.48 percent, to $69.10.
The heads of commodity research at Goldman Sachs and Morgan Stanley said oil prices are undervalued, citing a market deficit and the risk to Iranian supplies from possible sanctions under the administration of US President-elect Donald Trump.
ef/ro/rfc
