Oil prices rise 2%

Oil prices rose 2% on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and restrained supplies from major producers.

Brent crude was up $1.62 cents, or 2%, at $84.01 a barrel by 0914 GMT, The highest level since October 2018.

U.S. oil rose $1.95, or 2.5%, at $81.30 a barrel, the highest since late 2014.

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.

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