What happened
Brent crude oil futures closed at $95.63 per barrel in the latest settlement, according to the market report.
The settlement price rose by 98 cents from the previous close, representing a 1.04% increase for the session.
Why it matters
A rise in Brent, a global benchmark for oil prices, can signal shifting supply-demand expectations and may influence fuel costs and inflation outlooks.
The modest daily gain comes amid ongoing market attention to energy price movements, which remain a key economic factor.
Key facts
Brent crude futures settled at $95.63 per barrel.
The price increased by 98 cents on the day.
The session's gain was 1.04%.
What to watch next
Traders will be watching whether Brent can sustain upward momentum or if resistance emerges near recent levels.
Future sessions may hinge on fresh supply or demand signals, though no such triggers were reported in this settlement.