Oil price rises on China, Libya and Ukraine news

  • After a recent trend of decline, oil prices moved higher on Monday. 
  • Increase in prices attributed by analysts to positive economic news from China, renewed fighting in Ukraine and continued instability in Libya.
  • Rise came as Chinese exports exceeded market expectations and protests in Libya impacted upon supply.
  • Brent crude rose more than a dollar to around $84 a barrel in morning trading. 

Market Watch report