Oil prices hit six-week high amid geopolitical tensions

Oil prices climbed to their highest level in six weeks on Monday, driven by geopolitical tensions.

Brent crude futures rose $1.03, or 1.1%, to settle at $97.31 a barrel, after reaching $98.06 earlier in the session—the highest since July 24.

US West Texas Intermediate (WTI) crude gained 1.3%, or $1.17, to close at $92.65 a barrel.

WTI futures earlier touched $93.29, also marking the highest level since July 24.