Abu dhabi: U.S. crude oil closed higher on Monday by 9.4% at $78.14 per barrel: Brent crude oil jumped 9.6% to $83.30 per barrel. WTI gained 9.4% to close at $78.14.
According to Emirates News Agency, the significant increase in oil prices was observed as Brent crude oil surged by 9.6% to reach $83.30 per barrel, while U.S. crude also saw a substantial rise, closing at $78.14 per barrel with a 9.4% gain. The rise in prices marks a notable shift in the oil market, reflecting changing dynamics and market conditions.
