Crude oil prices rose by more than 1.5% on Monday after United States President Donald Trump stated yesterday that he is “ready” to intensify pressure on Russia with additional sanctions, further fueling supply worries. On the other hand, the Organization of the Petroleum Exporting Countries and its partners (OPEC+) decided to raise oil production by 137,000 barrels per day (bpd) in October The West Texas Intermediate (WTI) for October’s settlements increased by 1.78% at 2:22 am ET, going for $62.97 per barrel. At the same time, Brent for deliveries in November went up by 1.77%, selling at $66.66 a barrel.