LONDON (Reuters) - Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for US$80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.
Brent crude was up US$1.15 or 1.5% at US$79.24 a barrel by 0900 GMT, having posted three straight weeks of gains. U.S. Oil added US$1.07, or 1.5%, to US$75.05, near its highest since July, after rising for a fifth straight week last week.
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