The price of oil rose Monday, with global crude hovering near a nine-month high, AP reported.
Brent crude, used to price international oils, jumped 63 cents to $115.44 a barrel in London, close to last Thursday's $115.71, its highest level since Sept. 9 last year.
Benchmark U.S. crude for August delivery rose 34 cents to $107.17 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 78 cents to settle at $106.83 on Friday.