Global crude oil prices rose above 63 dollars per barrel on Monday as escalating geopolitical tensions and supply concerns unsettled the international energy market.

Market data showed that Brent crude, the global benchmark, climbed past 63 dollars per barrel during early trading, while the U.S. West Texas Intermediate (WTI) also recorded gains, reflecting heightened investor anxiety over potential supply disruptions.

Analysts attributed the price increase to renewed tensions in key oil-producing regions, particularly in parts of the Middle East and Eastern Europe, where ongoing conflicts and diplomatic uncertainties have raised fears of interruptions to crude supply and export routes.

According to energy market experts, traders are increasingly factoring geopolitical risk into oil prices, as any disruption in major producing or transit regions could tighten global supply at a time when demand remains relatively firm.

“Geopolitical risks are back in focus, and the oil market is reacting swiftly,” an energy analyst said.

“Even the possibility of supply constraints is enough to push prices higher, especially with inventories not significantly above average levels.”

In addition to geopolitical developments, production discipline by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, has continued to support prices. The group has maintained output management measures aimed at stabilising the market amid global economic uncertainties.

Meanwhile, concerns over shipping routes and insurance costs for oil cargoes in conflict-prone areas have also added to upward pressure on prices, as refiners and traders anticipate higher operational risks.

Economists warned that sustained increases in oil prices could have broader implications for inflation, particularly for oil-importing countries, as higher energy costs often translate into increased transportation and production expenses.

However, some analysts cautioned that price gains may be moderated in the coming weeks if global economic growth slows or if major producers increase output to calm the market.

Oil prices have remained volatile in recent months, fluctuating in response to geopolitical events, monetary policy signals from major economies and changing expectations about global demand.