Oil tanks at the GS Caltex Corp. oil refinery facility in the Yeosu Industrial Complex in Yeosu, South Korea. - Bloomberg
SINGAPORE, Jan 24 (Reuters): Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output.
Brent crude futures rose 58 cents, or 0.7%, to US$88.47 a barrel by 0742 GMT, reversing a 0.6% loss on Friday.
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