SINGAPORE – Brent crude futures rose $2.16, or 2.05%, to $107.49 a barrel, the highest level since April 7, while U.S. West Texas Intermediate crude climbed $1.77, or 1.88%, to $96.17 a barrel.
Both benchmarks posted strong gains last week, with Brent rising about 17 percent and West Texas Intermediate crude increasing about 13 percent, marking their largest weekly gains since the onset of the crisis.
Market sentiment weakened further after hopes for renewed peace efforts faded early in the week, following reports that U.S. President Donald Trump cancelled a planned visit by his envoys to Islamabad.
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