Oil Futures Surge Past 3% to Reach Highest Level Since Late May

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WTI crude futures climbed 3.35% to $99.270 per barrel, while Brent crude futures advanced 3.04% to $104.287 per barrel, marking the strongest settlement for the international benchmark since May 22.

The sharp rally in both major oil contracts underscores renewed momentum in the energy market, with Brent now trading at levels not seen in over three months.

Market participants are closely monitoring supply dynamics and geopolitical developments that continue to influence price direction, as the latest gains push Brent to a fresh multi-week high.

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