The prices of oil futures rose on Monday as the shutting down of the Keystone pipeline in the United States, alongside measures against Russia, seemingly kept fuelling fears over the supply of crude.
Meanwhile, China continued loosening its COVID-19 policies, which possibly took some heat off of demand issues.
West Texas Intermediate (WTI) for deliveries in January jumped 1.82% to sell at $72.33 at 9:34 am ET. At the same time, Brent for settlements in February added 1.06% to go for $76.86.
