Brent crude settled up 4 cents, or 0.1%, at US$68.32 a barrel. U.S. West Texas Intermediate (WTI) crude settled up 2 cents, or 0.03% at $64.92. Both benchmarks rose more than 1% last week, their second consecutive weekly gain.
NEW YORK: Oil prices settled higher on Monday after a major U.S. fuel pipeline said it could largely restart within the week after a cyberattack forced its shutdown.
Potential U.S. demand growth boosted crude prices, offsetting fears that a resurgent coronavirus pandemic in India would cut demand in Asia.
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