Abu dhabi: Oil prices rose for a fourth consecutive session, gaining more than US$1 in early trading on Wednesday: Brent crude futures rose $1.57, or 1.6 percent, to $99.49 per barrel by 00:01 GMT, while US West Texas Intermediate (WTI) crude gained $1.60, or 1.72 percent, to $94.63 per barrel.

According to Emirates News Agency, the increase in oil prices marks a significant upward trend in the market, driven by various factors influencing supply and demand dynamics. The consistent rise over the past sessions indicates a sustained interest and movement in the oil markets, pushing Brent crude closer to the $100 mark.

Traders and analysts are closely monitoring these developments as they could have significant implications for global economies and energy markets. The rising prices may impact consumer costs and influence geopolitical strategies related to energy production and consumption.