Brent tops $104 as oil prices climb on Monday

Both benchmark crude contracts gained more than 0.7% in Monday trading, with Brent reaching $104.68 and WTI settling above $101.

Staff Writer
Cargo ships and oil tankers on the Bosporus strait, capturing global trade and maritime logistics at sunset.

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Brent crude climbed to $104.68 a barrel on Monday, up 0.78% on the day, while West Texas Intermediate gained 0.76% to reach $101.06. Both benchmarks posted gains of more than 0.7% in the session.

Key points

  • Brent crude rose 0.78% to $104.68 per barrel on Monday
  • WTI gained 0.76% to settle at $101.06 per barrel
  • Both benchmarks climbed more than 0.7% in the session

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Oil prices pushed higher on Monday, with both major benchmarks recording gains of more than 0.7% by late evening.

Brent crude futures reached $104.68 a barrel by 22:02 GMT, up 81 cents or 0.78% on the day. West Texas Intermediate, the US benchmark, rose 76 cents or 0.76% to settle at $101.06 a barrel.