SINGAPORE, 31st August, 2026 (WAM) Oil prices rose more than 2% in early trading on Monday.
Brent crude futures rose $2.22, or 2.52 %, to $90.32 a barrel, while US West Texas Intermediate (WTI) crude stood at $85.41 a barrel, up $2.01, or 2.41%.
Oil prices remain supported by concerns over Middle East supply disruptions and uncertainty surrounding crude flows through the Strait of Hormuz.