Oil prices climbed around 2 per cent on Monday, continuing last week’s gains, as traders anticipated more U.S. sanctions on Russian oil and Ukrainian attacks on Russian energy infrastructure that could disrupt supplies.
Brent crude futures settled up $1.07, or 1.58 per cent, at $68.80, while West Texas Intermediate crude futures gained $1.14, or 1.79 per cent, to $64.80.