Brent crude oil trading up Monday afternoon on Iran fears

Crude oil rose as U.S. equities increased for the first time in four days and Iran test-fired its Shahab-3 missile amid threats of greater sanctions because of its nuclear program.

Brent crude oil for November settlement gained 56 cents, or 0.9 percent, to $65.67 a barrel on the London-based ICE Futures Europe exchange. The contract dropped 8.7 percent last week, the biggest weekly decline this year.