Brent Crude Nears $90 as Oil Market Rally Gains Momentum

Global oil markets surged sharply, with Brent crude climbing close to the crucial $90 mark, triggering strong bullish sentiment across the energy complex.

Brent crude jumped to 89.20, gaining 4.44%, bringing the global benchmark within touching distance of the key psychological $90 level closely watched by traders worldwide.

WTI crude also posted a strong rally, rising 5.93% to 85.81, reflecting broad strength across international crude markets as buying momentum intensified.

In the Middle East benchmark segment, Murban crude advanced to 99.75, up 5.54%, moving just shy of the significant $100 level, another major psychological milestone for oil markets.

Meanwhile, natural gas prices edged higher to 3.063, registering a 2.00% gain as the broader energy complex remained supported by firm demand and tightening supply expectations.

Market participants say the surge in crude benchmarks and natural gas highlights growing bullish momentum in global energy markets, with traders closely watching whether Brent can break above the $90 barrier and Murban cross the $100 mark in the near term.

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