Brent crude managed strong 1% gain in Monday’s trading

Brent crude oil prices continue to surge as demand begins to recover


The Presidents’ Day holiday put a dent in oil prices on Monday but they still managed a 1% gain for the day, due to increased optimism over Chinese demand and continued production curbs by major producers.

Global benchmark Brent crude rose $1.07 or 1.3% to settle at $84.07 a barrel on ICE Futures Europe.