Brent crude rose US$1.26, or 1.5%, to settle at $83.65 a barrel. The session high was $84.60, its highest since October 2018. U.S. West Texas Intermediate (WTI) crude gained $1.17, or 1.5%, to settle at $80.52, after touching its highest since late 2014 at $82.18.
BENGALURU: Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China.
Brent crude rose US$1.26, or 1.5%, to settle at $83.65 a barrel. The session high was $84.60, its highest since October 2018.
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