New york: Oil prices rose by more than 4 percent today. Brent crude futures increased by $3.21, or 4.22 percent, reaching $79.22 a barrel. US West Texas Intermediate crude futures also saw a rise, climbing $3.04, or 4.26 percent, to $74.45 a barrel.
According to Qatar News Agency, the significant increase in oil prices comes amid various market dynamics and global economic factors influencing the energy sector. The rise in futures prices highlights ongoing changes and reactions within the oil market.