Oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a U.S. proposal was "unacceptable," raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.
Brent crude futures climbed $4.16 or 4.11% to $105.45 a barrel at 0340 GMT. U.S. West Texas Intermediate was at $99.80 a barrel, up $4.38, or 4.59%.
Source : Investing.com