Oil prices continued their rise on Saturday, recording weekly gains. Brent crude futures rose by approximately $4.56, or 4.2 percent, to $112.57 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures increased by $5.16, or 5.5 percent, to $99.64.
Brent crude prices have jumped by 53 percent since February 27, the day before the escalation in the region began, while the WTI index has risen by about 45 percent since that date. On a weekly basis, Brent rose by about 0.3 percent, while the WTI index increased by more than one percent.
