World oil prices edged higher on Monday as traders paused for breath after prices struck a one-year peak before the weekend.
New York's main contract, light sweet crude for November delivery, rose 24 cents to 78.77 dollars a barrel after ending Friday at 78.53 dollars, the highest closing level since October 2008.
Brent North Sea crude for December delivery added 25 cents to reach 77.24 dollars.