Oil prices continued to climb on Wednesday, with Brent crude futures rising above $100 a barrel and reaching their highest settlement level since late May, Qazinform News Agency cites WAM. Brent crude futures for the nearest delivery month gained $3.29, or 3.4%, to settle at $101.21 a barrel after touching an intraday high of $101.58.
US West Texas Intermediate (WTI) crude futures also advanced, rising $3.02, or 3.25%, to $96.05 a barrel. Both benchmarks posted their highest settlement prices since May 22, extending the recent rise in global oil prices. Earlier, Qazinform reported the Kazakh Energy Ministry commented on a new drone incident at the CPC terminal.