Oil prices rise as Brent climbs to $72.49

Oil prices opened the week higher on Monday, with both Brent crude and US West Texas Intermediate (WTI) posting gains, WAM reports.

Oil prices
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Brent crude futures rose 50 cents, or 0.69 percent, to $72.49 a barrel by 2204 GMT, while US WTI crude futures gained 73 cents, or 1.05 percent, to $69.96 a barrel.

Earlier, Brent settled at $73.34 per barrel.

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