Crude oil futures ended sharply higher on Monday on supply jitters following the continued closure of a pipeline carrying Canadian heavy crude to the U.S. Gulf Coast of Mexico. It is not known as yet as to how long it will take TC Energy Corp to restart its Keystone oil pipeline that was shut after more than 14,000 barrels of oil leaked on the line last week. Meanwhile, traders also looked ahead to the consumer price inflation data, and the Federal Reserve's monetary policy meeting.
Benchmark crude oil futures for January delivery surged $2.15 or 3 percent at $73.17 a barrel on the New York Mercantile Exchange. Brent crude for February delivery rose $1.89 or 2.5 percent to settle at $77.99 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: