Oil prices jumped more than 4% at settlement today, recording their highest levels in over a month. Brent crude futures increased by $3.87, or 4.59%, to settle at $88.10 per barrel. US West Texas Intermediate crude futures also rose by $3.54, or 4.48%, to $82.49 per barrel. Both benchmarks hit their highest levels since mid-June, and have risen about 16% this week. Brent is on track for a third consecutive weekly gain, while the US crude is heading for a second weekly gain.