Global Oil Prices Continue to Rise, Brent Surpasses 2.5-Month High
The trend of rising crude oil prices in the global market continues, with Brent crude surpassing its highest level in more than two and a half months.
As of the latest data, Brent crude has risen above $77 per barrel, while West Texas Intermediate (WTI) crude is being sold at $74.45 per barrel.
It is noteworthy that both benchmarks have seen a consistent increase over the past week, with prices rising for five consecutive days. By Friday, both Brent and WTI reached their highest levels since October.
This ongoing surge in crude oil prices is closely linked to various global factors, including supply constraints and rising demand. As the prices continue to climb, experts are closely monitoring their potential impact on energy markets and economies worldwide.
