Oil prices on the march again in tight market; U.S. crude at 7-yr high
Oil prices rose on Monday, extending pre-weekend gains, with U.S. crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from coronavirus pandemic-induced slumps.
U.S. West Texas Intermediate (WTI) crude futures rose to $84.24 a barrel, after climbing 1.5% on Friday. It touched its highest since October 2014 - $84.28 - earlier in the session. Source: