Oil Prices Rise Nearly 1%

New York: Crude prices edged up about 1% on Monday with US futures closing at a five-month high.

Brent futures settled at $87.42 a barrel.

US West Texas Intermediate (WTI) crude rose by 0.7% to $83.71 a barrel.

Both contracts were on track for their highest closes since Oct. 27.

Source: Qatar News Agency