Oil Rises on Elevated Geopolitical Risks in Europe and Middle East

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas on June 9, 2016. Richard Carson/Reuters

LONDON—Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter.

Brent crude rose 33 cents, or 0.4 percent, to $88.22 a barrel by 1149 GMT. U.S. West Texas Intermediate (WTI) crude gained 24 cents, or 0.3 percent, to $85.38.