Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash.
Brent gained 41 cents, or 0.5%, to $84.39 a barrel by 0632 GMT, after rising to $84.43 earlier, its highest since May 10.
U.S. West Texas Intermediate (WTI) crude for June edged up 23 cents to $80.29 a barrel, after hitting $80.35 earlier, the highest since May 1.
The June contract expires on Tuesday and the more-active July contract was at $79.89, up 31 cents, or 0.4%.
Iranian President Ebrahim Raisi was killed in a helicopter crash in mountainous terrain near the Azerbaijan border, officials and state media said on Monday.
Reuters
Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash.
Brent gained 41 cents, or 0.5%, to $84.39 a barrel by 0632 GMT, after rising to $84.43 earlier, its highest since May 10.
U.S. West Texas Intermediate (WTI) crude for June edged up 23 cents to $80.29 a barrel, after hitting $80.35 earlier, the highest since May 1.
The June contract expires on Tuesday and the more-active July contract was at $79.89, up 31 cents, or 0.4%.
Iranian President Ebrahim Raisi was killed in a helicopter crash in mountainous terrain near the Azerbaijan border, officials and state media said on Monday.
Reuters
Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash.
Brent gained 41 cents, or 0.5%, to $84.39 a barrel by 0632 GMT, after rising to $84.43 earlier, its highest since May 10.
U.S. West Texas Intermediate (WTI) crude for June edged up 23 cents to $80.29 a barrel, after hitting $80.35 earlier, the highest since May 1.
The June contract expires on Tuesday and the more-active July contract was at $79.89, up 31 cents, or 0.4%.
Iranian President Ebrahim Raisi was killed in a helicopter crash in mountainous terrain near the Azerbaijan border, officials and state media said on Monday.
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