Doha: Oil prices rose by more than USD 4 per barrel on Monday. Brent crude futures jumped USD 4.42, or 4.47 percent, to USD 97.15 per barrel. US West Texas Intermediate crude futures also rose USD 4.07, or 4.50 percent, to USD 94.61 per barrel.

According to Qatar News Agency, the increase in oil prices reflects ongoing market dynamics and fluctuating demand and supply factors. The rise in both Brent crude and US West Texas Intermediate crude futures highlights the current trends impacting the energy sector.

The upward movement in oil prices is significant as it affects global markets and consumer economies. The changes in price are closely monitored by industry stakeholders and policymakers, given their implications for inflation and energy costs worldwide.