Prices of crude oil rose in overnight trade on Monday, adding over 1% in value as the shuttering of the United States' Keystone pipeline continued to put pressure on crude prices. The timetable to restart production at the pipeline following an oil spill remains unknown as of yet.
Additionally, the Western cap on seaborne Russian crude and China's steps toward reopening its economy added to market volatility.
West Texas Intermediate for January settlement went up by 1.01%, going for $74.03 per barrel at 11:19 pm ET, while Brent for deliveries in February added 1.19% to sell for $78.92 per barrel a minute later.
