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Oil Prices Rise To Six-Week High, Brent Settles At $97.31 Per Barrel

Brent crude oil futures rose to settle at $97.31 per barrel on Monday, hitting a six-week high.

Brent crude futures rose $1.03, or 1.1%, to $97.31 per barrel, after hitting a high of $98.06—their highest level since July 24. US West Texas Intermediate (WTI) crude climbed 1.3%, or $1.17, to reach $92.65 per barrel. WTI futures had earlier risen to $93.29, also marking their highest level since July 24.

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