Gaza: Oil prices jump more than 2%: Oil prices jumped more than 2% at the start of trading today, Monday, with Brent crude returning above $90 per barrel. Brent crude futures rose by $2.22, or 2.52%, to $90.32 per barrel, while U.S. West Texas Intermediate crude rose by $2.01, or 2.41%, to $85.41 per barrel.
According to Palestine News and Information Agency - WAFA, the increase in oil prices was observed at the commencement of the trading session, marking a significant rise in both Brent crude and U.S. West Texas Intermediate crude. Brent crude saw an uptick of $2.22, equating to a 2.52% rise, reaching $90.32 per barrel. Concurrently, U.S. West Texas Intermediate crude experienced a rise of $2.01, marking a 2.41% increase, bringing the price to $85.41 per barrel.
These developments in the oil market come as traders and investors react to the dynamic fluctuations in global oil demand and supply. The rise in prices reflects ongoing market conditions and economic factors influencing the energy sector.