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Oil prices rose more than 1% on Monday, as investors feared supply disruptions from the energy-rich Middle East after Iran seized a British carrier the last week.
Brent futures rose 79 cents, or 1.3 percent, to $ 63.26 a barrel, according to Reuters.
WTI closed up 59 cents, or 1.1 percent, to $ 56.22 a barrel.
But the earnings limit lifted the case of force majeure in the loading of the crude oil deposit The Libyan oil, the largest in the country, which closed Friday, lost a production of about 290,000 barrels per day.
Last week, West Texas dropped more than 7% and Brent more than 6%, weighed down by economic concerns and the return to US production in the Gulf of Mexico after a hurricane.
"Demand-side selling pressure seems to have dissipated this week," said Jane McGillian, vice president of market research at Tradeshow Energy in Stamford, Connecticut. "Concerns about geopolitical factors seem to have put an end to some of these pressures."
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