Brent crude oil prices have continued their upward surge on Thursday reaching $97 per barrel in morning trade. This represents a 3 per cent increase overnight and a significant 30 per cent rise throughout the third quarter of this year.
If this trend continues, it could make the current quarter the most profitable for crude oil prices since early 2022, according to experts.
Several factors have contributed to this price rally, including a substantial reduction in US crude oil stocks, which have fallen well below the critical threshold of 22 million barrels.
