NEW YORK: Oil prices gained about 3% on Thursday to settle at their highest since December after US economic data showed faster-than-expected growth in the last quarter and as tensions in the Red Sea kept disrupting global trade.
Brent crude futures settled up US$2.39, or 2.99%, to US$82.43 a barrel. US West Texas Intermediate crude gained US$2.27, or 3.02%, to US$77.36.
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