Energy, Oil & Gas

Oil prices hit six-week high, brent settles at $97.31 per barrel

NEW YORK
Oil prices hit six-week high, brent settles at $97.31 per barrel

Brent crude oil futures rose to settle at $97.31 per barrel on Monday, hitting a six-week high. 

Brent crude futures rose $1.03, or 1.1%, to $97.31 per barrel, after hitting a high of $98.06 - their highest level since July 24. US West Texas Intermediate (WTI) crude climbed 1.3%, or $1.17, to reach $92.65 per barrel. WTI futures had earlier risen to $93.29, also marking their highest level since July 24.