Sana'a: Oil prices saw a significant increase in Monday afternoon trading, with US crude reaching its highest level in approximately a month and a half, specifically since April 22. By 2:52 PM Sana'a time, West Texas Intermediate (WTI) crude futures for July delivery rose 0.5% to $64.89 per barrel. Earlier in the day, contracts had surpassed $65 for the first time since April 22.
According to Yemen News Agency, Brent crude futures for August delivery also experienced an uptick, climbing 0.59% to $66.85 per barrel, based on trading data. This marks a notable rise in oil prices as global markets continue to react to various economic indicators and production adjustments.