Oil prices extended their rally on Monday, jumping more than 2% as intensifying geopolitical tensions kept traders on edge and efforts to de-escalate the Middle East conflict showed little progress. Sentiment was further shaken after reports of an attack on a nuclear power plant in the United Arab Emirates.

Oil prices jumped over 1% to a two-week high after a drone attack on the UAE's Barakah nuclear plant. Here's what it means for crude markets and investors.

Oil prices extended their rally on Monday, jumping more than 2% as intensifying geopolitical tensions kept traders on edge and efforts to de-escalate the Middle East conflict…