Oil prices rise, Brent above $103

Oil prices rose on Monday, with Brent crude futures gaining 81 cents, or 0.79 percent, to $103.06 a barrel by 2202 GMT.

US West Texas Intermediate (WTI) crude futures also climbed 46 cents, or 0.50 percent, to $91.57 a barrel.

Prices were supported by renewed concerns over potential disruptions to Middle East oil supplies.