Oil extended gains on supply concerns

International benchmarks for crude oil settled higher on Monday, 13 September 2021 as three-quarters of the US Gulf’s offshore production or 1.4 million barrels per day remain shut since late August, while demand is expected to rise.   

Brent added 48 cents or 0.7% to close at $73.40/barrel.

WTI gained 49 cents or 0.7% to close at $70.21/barrel.