Oil steadied after a weekly gain as traders tracked tensions over supplies, as well as the wider mood for risk assets after the Federal Reserve signaled a return to interest-rate cuts.
Brent was near $68 a barrel after rising almost 3% last week, while West Texas Intermediate was above $63. The US has threatened to double a tariff on all imports from India to 50% in retaliation for its purchases of Russian oil. With the penalty set to take effect on Wednesday, Indian diplomats have said local processors would continue taking crude from Moscow.