Crude prices jumped about 3% Monday after the Trump administration announced it was ending sanction waivers to importers of Iranian oil.
New York-traded WTI settled up $1.70, or 2.7%, at $65.70 per barrel after hitting a near-six-month high at $65.98.
London-traded Brent, the global oil benchmark, was up $2.15, or 3%, at $74.12 by 2:45 PM ET (18:45 GMT). It earlier hit a 2019 high of $74.52.
Year to date, WTI is up about 45%, while Brent has gained some 38%. Gasoline has rallied even more, up by 60%.
Source : Investing.com