Brent Oil Gains After Iran's President Dies, Saudi Flags Issue With King's Health

OIL PRICE - SINGAPORE. Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king.

Brent gained 10 cents, or 0.1%, to $84.08 a barrel by 0454 GMT, after rising to $84.30 earlier, its highest since May 10.