Oil prices rose in early trading on Monday, with U.S. West Texas Intermediate (WTI) crude up nearly 2% to around $115 per barrel. This surge is attributed to the ongoing Middle East conflict and its impact on global energy supplies, following the weekend and Easter holidays that led to market closures on Friday.
Oil Prices Surge Amid Middle East Conflict
Oil prices rose in early Monday trading, with U.S. WTI crude up nearly 2% to around $115 per barrel. The surge is linked to the ongoing Middle East conflict and its impact on global energy supplies, following market closures for the weekend and Easter.