Brent crude settled at US$45.13 a barrel, gaining 78 cents, or 1.76%, while U.S. West Texas Intermediate crude settled at $42.62 a barrel, rising 28 cents, or 0.66%.
NEW YORK: Oil prices rose on Monday as storms headed for the Gulf of Mexico shut more than half of the region's offshore production, with the more dangerous of the two storms expected to strike later in the week.
Brent crude settled at US$45.13 a barrel, gaining 78 cents, or 1.76%, while U.S. West Texas Intermediate crude settled at $42.62 a barrel, rising 28 cents, or 0.66%.
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