NNA - Oil prices rose on Monday as investors assessed efforts by authorities to rein in worries about the global banking system, while Russian President Vladimir Putin's plans to place tactical nuclear weapons in Belarus ratcheted up tensions in Europe.

Brent crude futures climbed 77 cents, or 1.03%, to $75.76 a barrel at 0731 GMT. U.S. West Texas Intermediate crude was up 74 cents, or 1.03% at $70 a barrel.

Brent rose 2.8% last week, while WTI rebounded 3.8% as jitters in the banking sector eased.

Crude markets are watching the sentiment in the financial market, while oil fundamentals remain sidelined, said Vandana Hari, founder of oil market analysis provider Vanda Insights.

"Expect most price action in Brent and WTI futures to occur during the Europe and U.S. trading hours, marked by plenty of intraday volatility," Hari said.--Reuters 

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