Brent crude settled at US$43.08 a barrel, up 89 cents, or 2.1%. The West Texas Intermediate (WTI) crude contract for August, the day's more-active contract, settled at $40.73 a barrel, rising 90 cents, or 2.3%.
NEW YORK: Oil was up 2% on Monday on tighter crude supplies from major producers and as coronavirus lockdowns kept easing despite a record rise in cases globally.
Brent crude settled at US$43.08 a barrel, up 89 cents, or 2.1%. The West Texas Intermediate (WTI) crude contract for August, the day's more-active contract, settled at $40.73 a barrel, rising 90 cents, or 2.3%.
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