Global oil prices maintained their upward trend on Saturday, with Brent crude rising 0.65% to reach $94.39 per barrel.

The latest increase reflects continued strength in the international crude market as traders closely monitor supply risks and developments affecting major oil-producing regions.

US crude also gains

US crude oil prices also moved higher during trading. American crude increased 0.26%, reaching $87.06 per barrel.

The rise in US crude comes as market participants assess the balance between global oil supplies and demand. Any disruption to production, exports or shipping routes could add further pressure to prices.

Murban crude records bigger jump

Meanwhile, Murban crude recorded a stronger increase than the other major benchmarks.

The Emirati crude rose 2.39% and was trading at $103.50 per barrel. The sharp gain highlights the continued volatility in the global energy market.

Supply concerns remain

Oil markets remain sensitive to developments in major producing and exporting countries. Disruptions at ports, shipping routes or production facilities can quickly affect crude supplies and push prices higher.

Recent problems involving oil tanker movements in Venezuela have also added to concerns about global exports.

What it means for consumers

A sustained rise in international crude prices could increase pressure on fuel markets in importing countries. Higher global oil costs can affect petrol and diesel prices, transportation expenses and overall inflation.

For now, traders are watching supply developments and geopolitical risks closely as crude prices continue to move upward.