Oil prices continued their strong gains in trading on Monday, after recording their largest weekly increase in more than a year on Friday, amid increasing risks of a regional war in the Middle East.
By noon on Monday, Brent crude futures rose 94 cents, or 1.2%, to $78.98 a barrel.
US West Texas Intermediate crude futures also rose $1.09, or 1.51%, to $75.51 a barrel.
Brent rose more than 8% last week, its largest weekly increase since January 2023, while West Texas Intermediate crude rose 9.1%, its largest weekly increase since March 2023.
Source: National Iraqi News Agency
