SINGAPORE: OilNSE -1.03 % prices rose by 1 per cent on Monday, with Brent hitting its highest level since November, driven up by a report the United States is preparing to announce that all imports of Iranian oil will have to end or be subject to sanctions.
Brent crude futures were at a November 2018 high of $72.70 per barrel at 0100 GMT, up 1 per cent from their last close.
US West Texas Intermediate (WTI) crude futures were at $64.70 per barrel, up 1 per cent from their previous settlement.
