Oil prices rose today

Oil prices rose on Monday as investors assessed efforts by authorities to rein in worries about the global banking system, while Russian President Vladimir Putin’s plans to place tactical nuclear weapons in Belarus ratcheted up tensions in Europe.

Brent crude futures climbed 77 cents, or 1.03%, to $75.76 a barrel at 0731 GMT. U.S. West Texas Intermediate crude was up 74 cents, or 1.03% at $70 a barrel.

Brent rose 2.8% last week, while WTI rebounded 3.8% as jitters in the banking sector eased.

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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