Global benchmark Brent settled at US$73.41 a barrel, up 71 cents or 0.98%. Brent touched a session high of $73.69, the highest since Aug. 2. U.S. crude futures rose 47 cents, or 0.68% to $69.21 a barrel. (File pic: Opec logo at Opec HQ.)
NEW YORK: Oil rose on Monday, lifted as U.S. Gulf Coast platforms, refineries and pipelines grappled with uncertainty on restart timelines after Hurricane Ida wreaked havoc on the region.
Gains were capped as OPEC+ looked set to go ahead with a planned oil output increase.
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