Crude Oil long. Oil prices rose sharply to high levels in the past 13 months on Monday, in response to concerns about heightened tensions in the Middle East and growing expectations of aid from US stimulus measures and the release of lockdowns to boost fuel demand . Brent crude rose $ 1.09 (1.8%) to $ 63.52 a barrel after climbing to a maximum of $ 63.76, the highest since January 22, 2020. US light oil futures added 1 .28 USD (2.2%) to $ 60.75 per barrel. Last week, oil gained about 5%.