Futures Movers: Oil prices finish higher, with Brent up sharply as traders weigh global supply disruptions

Crude-oil benchmarks finished higher Monday, with Brent crude posting a sizable gain as traders fretted over production disruptions in Libya and Venezuela and expectations for big declines in Iranian exports.

August West Texas Intermediate crude CLQ8, +0.35% the U.S. benchmark, climbed by a nickel, or less than 0.1%, to settle at $73.85 a barrel on the New York Mercantile Exchange, after trading as low as $72.99. WTI prices lost 0.5% last week.

September Brent crude LCOU8, +1.49% added 96 cents, or 1.2%, to $78.07 a barrel on the ICE Futures Europe exchange, after closing on Friday with a weekly retreat of 2.7%.

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