Oil rose on Monday on tighter supply concerns

International benchmarks for crude oil ended the first trading session of the week with gains as investors remain concerned over the tightening supply outlook. Production outages coupled with the lighter-than-expected impact of Omicron on the fuel demand stimulated crude buying. 

Brent increased 42 cents to close at $86.48/barrel. 

WTI gained 53 cents to close at $84.35/barrel.