Muscat: Oil prices rose more than three percent at settlement on Thursday: Oil prices experienced a significant increase, with Brent crude futures rising by $3.16, or 3.1 percent, to settle at $105.07.

According to Qatar News Agency, West Texas Intermediate (WTI) crude futures also saw a notable rise, increasing by $2.89, or 3.11 percent, to settle at $95.85 per barrel. This indicates a strong upward trend in the oil market, reflecting shifts in demand and other market dynamics.