Oil prices remain unchanged as high demand balances recession worries

• WTI crude rose 0.01% while Brent crude climbed 0.7%

Oil prices were almost unchanged on Monday as worries of recession were balanced by the high demand of oil in US with the upcoming driving season.

US West Texas Intermediate (WTI) crude rose 0.01% at $110.29 a barrel, while Brent crude futures climbed 0.7% at $113.42.

With the decades-high inflation in the US, economists worry of a possible recession in the country.