Oil prices surge in New York as Brent rises to $108.49 a barrel
Oil prices jumped by nearly $3 per barrel on Monday, with Brent and West Texas Intermediate both posting strong gains.
Key Takeaways
AIOil prices recorded a significant increase on Monday in New York trading, with Brent crude futures rising by $2.81, or 2.66 percent, to reach $108.49 per barrel.
Similarly, US West Texas Intermediate crude futures climbed by $3.29, bringing the price to $104.68 per barrel.
This increase comes amid global market volatility driven by various economic and political factors.