TOKYO/SINGAPORE: Oil prices surged again on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and restrained supplies from major producers.
Brent crude was up $1.18 cents, or 1.4%, at $83.57 a barrel by 0603 GMT, after gaining nearly 4% last week. U.S. oil was up $1.49, or 1.9%, at $80.84 a barrel, the highest since late 2014. U.S. crude rose 4.6% through Friday.
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