- WTI traded at $93.78 per barrel, up $1.93 or 2.10%, while Brent rose $2.09 or 2.00% to $106.80 on Monday morning.
- Fresh attacks on Saudi Arabia and oil tankers near the Strait of Hormuz put Middle East supply risk back at the center of the oil market.
- Crude futures reversed early losses and rose Monday after Zelenskyy said Russian strikes hit Ukraine energy infrastructure.
- Saudi Arabia said Iran-backed Houthi rebels have continued drone and cruise missile attacks.
- Tina Fordham of Fordham Global Foresight assessed the impact of Trump's diesel deal with Russia and Zelenskyy's demand for an energy ceasefire on oil prices.
Quotes
“West Texas Intermediate was trading at $93.78 per barrel, up $1.93, or 2.10%, on Monday morning”