DIGIVESTASI - Oil prices rose about 2% on Monday (January 22) due to market concerns over global energy supplies after the Ukrainian drone attack on Russian company Novatek (NVTK.MM).  Quoting Reuters, Brent crude oil futures in March closed up 1.5 USD, equivalent to 1.9%, at 80.06 USD/barrel. 

Meanwhile, US West Texas Intermediate (WTI) crude oil futures for February delivery closed at 75.19 USD, up 1.78 USD, equivalent to 2.4%. 

Capital LLC analyst John Kilduff said Ukraine's drone strike on Russia's Novatek (NVTK.MM) has increased market concerns over global oil supply. 

"Ultimately, a rise in oil prices is inevitable," John said.  In addition, the increase is due to the extremely cold weather in the United States. As a result, this increase restricted crude oil production in North Dakota and also hampered production in other states. 

Phil Flynn, analyst at Price Future Group, said the increase was also supported by the disappearance of market pessimism towards future economic conditions. They believe this year economic conditions will improve and support oil demand.