Brent crude reaches $96.80
Oil prices rose today, Monday, supported by strong gains achieved last week. Brent crude increased to $96.80 per barrel after a rise of 52 cents, or 0.54%, while West Texas Intermediate (WTI) oil climbed to $92.14 after gaining 66 cents, or 0.72%. Brent crude saw a weekly increase of 7.8%, and WTI surged by approximately 10%, amid market anticipation of geopolitical developments and the risks associated with the Strait of Hormuz.
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