Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese goods, Reuters reports.

Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States, Reutersreports.

Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, Reuters reports.

Oil prices inched up on Thursday, extending solid gains from the previous session on a fall in U.S. crude inventories and expected disruptions to supply from Iran and Venezuela, Reuters reports.

Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in check by rising production outside the Organization of the Petroleum Exporting Countries.

Oil prices were steady on Tuesday, capped by gradually rising output from producer club OPEC and supported by perceived supply risks from places such as Venezuela, Africa and Iran, Reuters reported.

Oil prices fell on Monday as concerns over slowing economic growth dragged on markets, Reuters reported.

Oil prices kept rising on Tuesday as traders continued to assess the impacts of the United States' sanctions against Iran, Xinhua reported.

Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply, Reuters reports.

The U.S. withdrawing from the Iran nuclear deal and rising tensions between the two countries will be bullish for global oil prices, Abhishek Kumar, Senior Energy Analyst at Interfax Energy in London, told Azernews.