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Oil starts the first session of the week on the rise, and Brent is above $ 90
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Oil prices rose more than 1% on Monday, approaching a 7-year high hit in the previous session, while supply concerns and political tensions in Eastern Europe and the Middle East set prices for their biggest monthly gain.
Brent crude rose $1.22, or 1.36 percent, to $91.25 a barrel at 04:40 GMT, after adding 69 cents on Friday.
US West Texas Intermediate crude rose $1.07, or 1.2 percent, to $87.89 a barrel, after rising 21 cents on Friday.
And fueled oil prices, fears of a possible military conflict in Ukraine, which would cause turmoil in energy markets, especially natural gas supplies to Europe.
And the markets began to pay attention to the meeting on February 2 of the OPEC + group, which includes the Organization of Petroleum Exporting Countries (OPEC), along with other producers, including Russia.
The group is likely to stick to its plans to increase the target level of oil production in March, according to several sources from OPEC +.
Credit Suisse expects Brent crude prices to reach $ 100 levels, and Goldman Sachs, in turn, believes that prices may reach these levels during the third quarter, due to geopolitical tensions and the increasing exposure of commodity markets to turmoil due to the Corona pandemic crisis.
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