Oil Prices Climb Higher Amid Geopolitical Concerns

(RTTNews) - Amid concerns about geopolitical tensions, the price of crude oil showed a notable upward move during trading on Monday.

Crude for May delivery climbed $0.84 to $53.08 a barrel, reaching it best closing level in over a month.

The increase by the price of crude oil came amid lingering geopolitical concerns after last Friday's gains despite lingering geopolitical concerns after the U.S. missile strike on a Syrian airbase.

Traders seemed reluctant to make any significant moves, however, with a lack of U.S. economic data keeping traders on the sidelines.

The economic calendar for the week starts off relatively quiet but picks up in the coming days, including with the release of some key data while the markets are closed on Friday.

Reports on retail sales, producer and consumer prices, and import and export prices may attract attention later this week.