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    Oil prices rise as Brent nears $85 a barrel

    Brent crude climbed 1.44% on Monday while WTI gained 1.08%, extending a broad rally in oil markets.

    Staff Writer
    Staff Writer
    Aerial shot of an oil tanker on the ocean at sunset in Galveston, Texas.

    Article summary

    AI Generated

    Brent crude futures climbed $1.20 to $84.79 a barrel on Monday, approaching the $85 mark. WTI also advanced, gaining $1.12 to $79.29 a barrel.

    Key points

    • Brent crude rose 1.44% to $84.79 per barrel on Monday.
    • WTI gained 1.08% to reach $79.29 per barrel.
    • Both benchmarks moved higher as of 22:06 GMT.

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    Oil prices rose on Monday, with Brent crude futures up $1.20, or 1.44%, to $84.79 a barrel as of 22:06 GMT.

    West Texas Intermediate futures gained $1.12, or 1.08%, to reach $79.29 a barrel over the same period.

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