Brent crude futures were up $1.65, or 1.57%, at $107 a barrel, while US West Texas Intermediate crude rose $1.29, or 1.40%, to $94 a barrel.
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Brent crude futures were up $1.65, or 1.57%, at $107 a barrel, while US West Texas Intermediate crude rose $1.29, or 1.40%, to $94 a barrel.
The dollar remained stable near a two-month peak while traders closely monitored upcoming US economic reports. Oil prices experienced a slight uptick, with Brent crude futures approaching $106 per barrel amidst market volatility. Meanwhile, US Treasury yields hit multi-year highs, impacting the dollar's strength. Anticipated economic metrics could pave the way for additional Federal Reserve rate hikes this month.
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