The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Acquire Licensing RightsOil prices rose about 2% on Monday on concerns over global energy supplies following a Ukrainian drone strike on Russia's Novatek (NVTK.MM), opens new tab fuel terminal and as extreme cold weather continued to hamper U.S. crude production.
Brent March crude futures settled at $80.06 a barrel, up $1.50, or 1.9%.
Front-month U.S. West Texas Intermediate crude futures contract (WTI) for February delivery closed at $75.19, up $1.78, or 2.4%, as the contract expired. The more active March WTI contract , was up $1.36 at $74.61.
