Global benchmark Brent crude oil settled one per cent higher on Monday, as concerns mounted that intensifying airstrikes in Russia and Ukraine could lead to supply disruptions, and as a weaker dollar lent additional support.
Brent crude futures settled up 67 cents, or one per cent, at $68.15 a barrel. The US benchmark, the West Texas Intermediate futures contract, was up 67 cents, or 1.1 per cent at $64.68 by 14:15 ET.