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Oil prices rose on Monday, influenced by increasing fears of a possible disruption in supply from the Middle East oil-producing region.
By 0043 GMT, Brent crude futures for November delivery rose 16 cents, or 0.22 percent, to $72.14 per barrel.
The contract expires today, Monday, and the most widely traded contract for December delivery increased ten cents, or 0.14 percent, to $71.64 a barrel.
West Texas Intermediate crude futures increased eight cents, or 0.12 percent, to $68.26 per barrel.
Last week, Brent crude fell by about three percent, while West Texas Intermediate crude fell by about five percent as concerns about demand increased after fiscal stimulus from China, the world’s second-largest economy and largest oil importer, failed to support market confidence.
