Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds pressuring global oil demand.
Brent crude rose 22 cents to $78.78 a barrel by 1141 GMT.
The front-month U.S. West Texas Intermediate crude futures contract for February delivery was up 31 cents at $73.72 a barrel in tepid trade, with the contract set to expire on Monday. The more active March WTI contract was up 26 cents at $73.51.
