Crude oil continues to rise this Monday and Steve O'Hare from First 4 Trading is seeing support for a continued upswing. Over the weekend, insurgents in Iraq extended their control of key areas of the country. 

Although the supply of oil has remained unaffected by these attacks, the threat of disruption to supplies remains. Based on the current geopolitical climate, Steve is favouring a dip buying strategy, predicting a move higher.