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Oil prices tumbled by 5% last week after Israel agreed to a ceasefire with Iran after nearly two weeks of conflict.
Brent crude, the international benchmark for oil prices, fell below $67 a barrel by the end of the day, though it then recovered some ground in later trading.
Prices had spiked in recent days as concerns grew that Tehran could disrupt global supplies by blockading the Strait of Hormuz, a key shipping route for oil and gas.
Stock markets in the US, the UK and Europe rose and held steady after US President Donald Trump told Israel on social media not to drop bombs after it accused Iran of breaching the ceasefire.- BBC
