West Texas Intermediate (WTI) crude oil futures on the NYMEX extended their gains during Monday's European trading session, climbing nearly 3% to trade just above $99.50 per barrel, according to FX Street.
This advance reflects continued strength in the oil market as geopolitical and supply factors remain in focus. The rise in WTI futures suggests increasing bullish sentiment among commodity traders during early trading hours in Europe.
For Japanese investors, movements in WTI prices are closely watched as they influence energy costs and import bills, impacting the broader equities and FX markets in Japan.