The price of Brent crude settled above $100 for the third session in a row, the longest such series of rises since August 2022, as investors awaited the impact of supply disruptions in the Middle East.
Prices witnessed fluctuations during the session, as the price of West Texas Intermediate crude fell by 5.3% to settle near $93.50 per barrel, as traders awaited the imminent release of quantities of US reserve stocks.
Brent crude futures contracts, for May delivery, recorded $100.21 per barrel at the end of today’s trading, a decline of 2.8% from Friday’s close.
