Oil Prices Surge by Over 9% at Settlement

Oil prices recorded an increase of more than 9 percent at settlement yesterday, Thursday.

Brent crude futures rose by $8.48 per barrel, or 9.22%, to settle at $100.46 per barrel, recording its highest level since August 2022.

U.S. West Texas Intermediate (WTI) crude futures also rose by $8.48, or 9.72%, to settle at $95.73 per barrel.