Oil climbs as US-Venezuela tensions escalate, sparking supply fears.

• Oil prices rose on Monday due to escalating US-Venezuela tensions, raising fears of supply disruptions.
• Brent crude futures increased by 0.4% to $61.37 a barrel, and U.S. WTI crude rose 0.4% to $57.67 a barrel.
• Concerns over potential supply disruptions from Venezuela outweighed lingering oversupply worries and effects of a potential Russia-Ukraine peace deal.
• Venezuela's oil exports have fallen sharply following a U.S. oil tanker seizure and fresh sanctions on shipping companies.
• Ongoing Russia-Ukraine peace talks and Ukraine's attack on a Russian oil refinery also influenced market sentiment.

Why It Matters: Global tensions are making oil more expensive, affecting everyone.