LONDON: Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps.
Brent crude futures rose by 81 cents, or 1 per cent, to $86.34 a barrel, following on from last Friday’s 1.1 per cent gain. Earlier on Monday they touched $86.43, the highest price since October 2018.
