Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week.
Brent crude futures were up 51 cents, or 0.8%, at$62.98 a barrel by 0042 GMT. The international benchmark rose to as high as $63.47 earlier.
West Texas Intermediate (WTI) crude futures were up 15 cents, or 0.3%, at $55.78.
WTI fell over 7% and Brent fell more than 6% last week.
Via Reuters
