Muscat: Oil prices extended their gains for a third consecutive session today, amid mounting concerns over potential supply disruptions in the Middle East. Brent crude futures rose $1.10, or 1.4%, to $78.83 per barrel. US West Texas Intermediate (WTI) crude futures gained 74 cents, or 1%, to $71.97 per barrel. According to Oman News Agency, the increase in oil prices reflects the market's reaction to geopolitical tensions in the region, which could threaten the stability of oil supplies. Traders and analysts continue to monitor the situation closely, as any escalation could further impact global oil markets. The current rally in oil prices underscores the sensitivity of the market to geopolitical factors, particularly in regions that are critical to global energy supplies. The developments come at a time when the world is closely watching the balance between supply and demand dynamics in the energy sector.