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New York, March 27 (QNA) – Oil prices rose sharply on Thursday, with Brent crude climbing more than 5%, as tensions in the Middle East continued to weigh on markets.
Brent crude futures gained $5.79, or 5.66%, to settle at $108.01 a barrel.
West Texas Intermediate (WTI) crude, the US benchmark, rose $4.16, or 4.61%, to close at $94.48 a barrel.
Analysts said the increase reflects growing concerns over supply disruptions in the region, with traders closely monitoring geopolitical developments that could affect global oil markets. (QNA)
