Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps.US West Texas Intermediate (WTI) crude futures rose 62 cents, or 0.7 percent, to $84.38 a barrel at 06:46 GMT, after gaining 1.5 percent on Friday. They touched their highest since October 2014 – $84.76 – earlier in the session.Brent crude futures increased 56 cents, or 0.7 percent, to $86.09 a barrel, following on from last Friday’s 1.1 percent gain. The contract earlier hit its highest since October 2018 of $86.43.
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