Global benchmark Brent crude oil settled 1% higher on Monday at $68.15 a barrel, as concerns grew over supply disruptions from airstrikes in Russia and Ukraine. The weaker dollar also supported prices, with WTI futures up 1.1% at $64.68. Ukrainian President Zelenskiy vowed retaliation against Russian drone strikes on power facilities, intensifying conflict. Weekly Russian oil shipments dropped to a four-week low of 2.72 million bpd, adding to market worries. Chinese manufacturing activity expanded, boosting oil prices. OPEC+ meeting on September 7 will decide on output targets, impacting future oil prices. High OPEC+ supply and rising stockpiles may pressure prices in coming months.

Read more at 1. Tesla reports record-breaking quarterly revenue of $10.7 billion, beating Wall Street expectations. Stock jumps 5% in after-hours trading. – CNBC

2. Apple unveils new iPhone 13 lineup with improved cameras, longer battery life, and faster processors. Prices starting at $699 for iPhone 13 Mini and $999 for iPhone 13 Pro. – Reuters

3. Federal Reserve signals potential tapering of bond purchases later this year, leading to mixed reactions in the stock market. Dow Jones Industrial Average closes down 0.1%. – Wall Street Journal

4. Amazon announces plan to hire 55,000 new employees for corporate and tech roles globally. The company aims to expand its workforce amid growing demand for e-commerce and cloud services. – CBS MarketWatch: Oil settles higher on weaker dollar and Russian supply disruptions