Oil rose as a major oil pipeline was temporarily halted, while key producers flagged stronger Chinese demand just as more sanctions on Russian flows take effect.
West Texas Intermediate climbed toward $74 a barrel after closing on Friday at the lowest level in about a month. Turkey halted oil flows to the Ceyhan export terminal on the Mediterranean coast after a major earthquake. There were no leaks detected on the pipelines feeding oil to the port, according to an official who asked not to be identified.
Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.