Crude oil prices in the global energy market have once again seen a significant increase, with both Brent and US West Texas Intermediate (WTI) prices rising.
According to the latest trading data, the price of Brent crude oil increased by $1.46, or 1.72 percent, to $86.19 per barrel.
On the other hand, US West Texas Intermediate (WTI) crude oil also became more expensive. Its price in the market increased by $1.11, or 1.40 percent, to $80.40 per barrel.
According to experts associated with the energy sector, fluctuations in crude oil prices in the global market have a direct impact on fuel prices, inflation and global trade activities. Investors are also keeping a close eye on the international demand, supply and geopolitical situation in the coming days, which can play an important role in determining the direction of oil prices.
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