Oil prices stabilized in early Asian trading on Monday after sharp declines last week.
By 01:31 GMT, Brent crude futures rose eight cents to $77.41 per barrel, and West Texas Intermediate crude futures settled at $72.28 per barrel.
The two indices ended last week's transactions with a decline of about seven percent. They fell 2 percent on Friday after stronger-than-expected US jobs data indicated that the interest rate cut may be larger than expected.
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