Oil prices rise 0.3 percent despite weak demand in China

Oil prices rose in transactions today, Monday, supported by the geopolitical situation, which overshadowed concerns resulting from weak demand in China, the largest importer of crude in the world.

Brent crude futures rose 22 cents, or 0.3 percent, to $71.34 per barrel.

West Texas Intermediate crude futures increased 22 cents, or 0.3 percent, to $67.42 per barrel.