Brent oil down to $64.27 per barrel

Oil prices largely held on to gains on November 7 after posting the biggest rise in six weeks a day earlier, buoyed by moves by Saudi Arabia’s crown prince to tighten his grip on power and rising tensions between the kingdom and Iran.

U.S. West Texas Intermediate (WTI) crude was down 3 cents at $57.32 a barrel, as of 08:10 (MSK). The contract surged 3% on Monday, the biggest percentage gain since late September.

Brent crude futures were down 8 cents at $64.19. On Monday, they closed 3.5 percent higher, also their biggest percentage gain in about six weeks.

Both benchmarks hit their highest since mid-2015 during the session, Reuters reported.