Oil prices rose closer to the $56 a barrel mark on Monday, supported by a cold snap in top consumer the United States and by escalating political tensions in Iran and Nigeria.
U.S. crude climbed 47 cents to $55.89 a barrel by 0155 GMT, extending Friday's 2 percent gain, on expectations that freezing temperatures in the U.S. would speed up consumption of a brimming stockpile.
London Brent crude rose 30 cents to $55.59.
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