NEW YORK: Oil prices climbed over two per cent on Monday as worries about energy supplies mounted following new strikes on Saudi Arabian energy infrastructure and attacks on ships in the Middle East.
Brent futures rose $2.72, or 2.6pc, to $107.33per barrel at 11:39am EDT (1539 GMT). US West Texas Intermediate (WTI) crude rose $2.51, or 2.5pc, to $102.56.
Both benchmarks have been technically overbought for more than a week and WTI was on track for its highest closes since May 19.-Reuters