Oil prices continue rising, with WTI above $105 per barrel

Oil prices continued their upward trajectory, with Brent crude for July delivery reaching $111.38 per barrel by 10:32 Central European Summer Time. The West Texas Intermediate (WTI) crude benchmark remained above $105 per barrel. The price increases reflect ongoing pressures in global energy markets, affecting fuel costs worldwide as crude oil serves as the primary raw material for gasoline, diesel, and other petroleum products.