WORLD OIL PRICES

Oil prices gained more than 1% on Monday, trimming some of last week’s losses, as the prospect of more sanctions on Russian crude after an overnight strike on Ukraine offset OPEC+’s planned output increase.

SOUTH AFRICA MARKETS

South Africa’s rand, stocks and government bonds strengthened on Friday after better-than-expected foreign reserves data, and got a further boost from a weaker dollar knocked by a soft U.S. jobs report.