Oil Prices Rise to One-Month High, Brent Settles at $93.78

Abu dhabi: Oil prices rose by more than two percent at settlement on Thursday, reaching their highest levels in nearly a month. Brent crude futures gained US$2.16, or 2.4 percent, to settle at $93.78 a barrel, their highest level since 24th July.

According to Emirates News Agency, US West Texas Intermediate crude futures for September delivery rose $2 at settlement to $87.83 a barrel, also their highest level since 24th July.