Jul 28, 2025 4:01 a.m.

Oil rose on Monday

Oil rose on Monday

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International benchmark for oil prices rose to the highest level in 2016 on Monday (10 October) after President Vladimir Putin said Russia was ready to align with OPEC's push to limit oil output. This support is seen as a crucial to the deal's prospects for turning the oil market around after a two-year slump.

WTI closed at $51.35/barrel (+$1.54) for November delivery

Brent closed at $53.14/barrel (+$1.21) for November delivery