Crude oil futures ended higher on Monday amid expectations that global energy demand will continue to rise following several countries easing travel restrictions. Further, energy crisis in China and several parts of Europe sent coal prices soaring to record levels, pressuring power-generation companies and manufacturers to switch to using oil as the world economy reopens. Besides, cold temperatures in the northern hemisphere are also expected to worsen an oil supply deficit.
Benchmark Crude oil futures for November delivery rose $0.16 or about 0.2 percent to settle at $82.44 barrel on the New York Mercantile Exchange. However, Brent crude for December delivery declined $0.69 or about 0.8 percent to settle at $84.17 a barrel on London's Intercontinental Exchange.