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Oil rises by about 3 percent at settlement

May 12, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
Oil rises by about 3 percent at settlement

Oil prices rose by about three percent at settlement yesterday, Monday. Brent crude futures climbed $2.92 or 2.88 percent to $104.21 a barrel at settlement, while West Texas Intermediate crude increased $2.65 or 2.78 percent to $98.07 a barrel. Earlier in the session, Brent prices had risen to $105.99 a barrel and U.S. crude to $100.37. Both crude types recorded losses of about six percent last week.

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