Oil prices climbed Monday, driven by a pair of worries on the supply front driven by unrest in Libya and Iraq.
West Texas Intermediate crude futures for January delivery US:CLF20 rose 59 cents, or 1%, to $59.17 a barrel. There will be no regular trading or settlements in New York for oil to mark the Martin Luther King Jr. holiday.
Brent oil, the international benchmark, is trading as normal. March Brent oil futures BRNH20, +0.69% climbed 65 cents, or 1%, to $65.50 a barrel.